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Charlie Bilello reminds us that the drop in the US Unemployment Rate to 3.4%, puts it at the lowest level since 1969.
Were you even alive in 1969? I was. In 4TH grade!
Watch FOX News and the wingnut media spin themselves into knots trying to explain how this is happening when "socialist" Democrats are "ruining" the economy.
#CoSoFinance
@RealSeanBrodrick --These number are really interesting & are clearly an indicator of what the Fed is trying to attack through their monetary policy. As the unemployment rate only tracks those who are looking for employment, I think it's a leap to compare our current circumstance with one that took place 50 years ago. Has anyone tracked how many people decided to leave the work force as a result of the pandemic?