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Is the Economy good or bad??
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hlstark
Posted 2/8/2024 08:48 (#10614086 - in reply to #10613946)
Subject: RE: Is the Economy good or bad??


I’m impressed that you are presenting government data to support an argument without the disclaimer that the government is conspiring and manipulating the numbers.

OP presented the question is the economy good. Per your statistics over the past year wages grew at a faster rate than inflation. So yes the economy is currently good. You can also look at GDP.

If we used your method of analysis, you would have concluded in April of 2020 the economy is doing great since in 2018 and 2019 unemployment was almost as low as currently and GDP was almost as good as now. But in reality the economy was in the greatest recession since the Great Depression. Negative GDP and the unemployment was almost 15%.


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