The Great US Jobs Haemorrhage

An acceptable level of unemployment means that the government economist to whom it is acceptable still has a job the labor market is in bad shape

The biggest indictment against the massive amounts of fiscal and monetary support already poured into the US economy is the dismal state of its labor market. The Fed and Treasury have, together, already injected trillions of dollars into the American economy, albeit to different parts of it, but the labor market does not seem to have gotten the memo.

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