Is our Economy worse than they say?
Is Our Economy Worse Than Reported? Uncovering Hidden Data
In this episode, we delve into the disparities between reported job data and actual job growth. With recent revisions by the Bureau of Labor Statistics showing a significant reduction in job creation, we explore the nuances of non-farm payroll and unemployment rates. By comparing labor force participation rates and analyzing the influence of disability claims on the workforce, we uncover potential data suppression since 2020. We also look at savings rates and food prices to gauge economic well-being. Ultimately, we question whether the economy is in worse shape than mainstream media portrays.
00:00 Is Our Economy Worse Than Reported?
00:05 Revisiting Job Numbers: A Closer Look
00:32 Understanding Non-Farm Payrolls
00:49 Unemployment Rate Analysis
01:53 Labor Participation Rate Insights
03:50 Data Suppression and Labor Force Changes
05:27 Disability Rates and Economic Incentives
06:07 Savings Rates and Stimulus Checks
06:57 Food Prices and Economic Reality
07:13 Concluding Thoughts on the Economy
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