This was all clear to many of us. The job numbers were revised downward every month and the growth was from public sector jobs and part time jobs, as well as jobs from non-citizens.
Microeconomic data points like rent and auto loan defaults, mortgage delinquency, real wages, 401k withdrawals and credit card debt painted a picture of Americans experiencing hardship and pain.
"Mirage" and "propaganda" are apt descriptors. Good article!
Thank you. It's kind of sick looking back on people and voters being chastised about not appreciating the economy, etc. One of the more frustrating parts of 2024.
This was all clear to many of us. The job numbers were revised downward every month and the growth was from public sector jobs and part time jobs, as well as jobs from non-citizens.
Microeconomic data points like rent and auto loan defaults, mortgage delinquency, real wages, 401k withdrawals and credit card debt painted a picture of Americans experiencing hardship and pain.
"Mirage" and "propaganda" are apt descriptors. Good article!
Thank you. It's kind of sick looking back on people and voters being chastised about not appreciating the economy, etc. One of the more frustrating parts of 2024.