Recession? No! US Economy posts lowest unemployment rate in 50 years.

The labor force participation rate includes people who are on unemployment and looking for work in the labor force. I know fox news has convinced you that this metric is politically important, but all it tells you is what % of the population wants to be working. When the adult population gets older, the rate will drop. Most people don't want to work when they are in their 80s and 90s.

Also, the rate is down like 1% from before the pandemic. Not exactly a massive drop.

Apparently these people think we should force retirees back to work to get the labor force participation rate back up.

Ok Ima stop you right there.

Still not a recession? NAHB thinks so:

msn.com

Housing Market Recession Is Here: Home Builders Slash Prices As Buyers Cancel Contracts, Mortgage Rates Rise

Home builders may need to impose "hefty" price cuts to manage excess inventory as sentiment collapses to a two-year low, one economist says.

Link:www.msn.com/en-us/money/realestate/hou...

Manufacturers think so:

msn.com

New York Empire State factory gauge plunges in August deep into contraction territory

The New York Fed’s Empire State business conditions index plummeted 42 points to negative 31.3 in August, the regional Fed bank said Monday.

Link:www.msn.com/en-us/money/markets/new-yo...

Seems the only people that think we are not in a recession are the Democrats.

We can be in a recession with low unemployment. A recession means less is being produced, not how many it takes to do it. In the second quarter labor productivity showed its sharpest decline since 1948. Some companies are hiring extra workers just to make up for all the attendance issues. I know a lot of retired people that missed less than 1 day per year during their working careers, not that good for most new workers. But a lot of workers now change jobs a lot more, so maybe less loyalty from both workers and employers. Another factor is the aging population means less workers to fill the jobs that are there.

Still think there's no recession?

msn.com

US business activity falls at its fastest rate since May 2020

Business activity at private US companies in early August dropped off at some of the sharpest rates seen since the beginning of the pandemic as rising interest rates and high inflation crimped consumer spending, according to...

Link:www.msn.com/en-us/money/markets/us-bus...

CNN said it, so it must be true.

These are not new jobs. These are all jobs that were lost because of COVID. People are getting their jobs back, we still have a ways to go.

The non-partisan National Bureau of Economic Research decide. They decide when the President in the White House is a Republican and they decide when the President in the White House is a Democrat.

thehill.com

Is there a recession? Only the National Bureau of Economic Research gets to decide

iswanson

Commerce Department data this week found the U.S. economy shrank for a second quarter in a row, sparking a new debate about whether the nation is in a recession. Negative growth in two …

Link:thehill.com/policy/finance/3579988-is-...

A bit funny the people are desperate to claim there is a recession because... politics.

Sadly, the economy is only going to get better until the midterms.

The funny thing is that the Dems continue to deny the economic reality by desperately trying to do things like redefine recession. The economy is not going to get better. People are burning through money they don't have, interest rates continue to rise and production continues to fall. You are grasping at straws.

So in much less words: having a job doesn't mean sh!t if your money is worth less

First post you have made that makes sense. We are definitely in a recession.

As to the OP, unemployment is not low because people are working. Everywhere is understaffed. They are understaffed because people are not working. not because of any other silly reason you may want to make up.

I don’t see any evidence for this in the past few months. The major economic talking points like gas prices and stock market indicators have been improving for months. Polling on “the economy” is improving!

Posters are looking to odd conglomerate statistics to try and force the economy to look like it’s still getting worse… but the word in Main Street says otherwise.

So how is unemployment low and people are not working? The labor force has shrunk but unemployment factors that in.

Fewer people that want to work can’t find a job than at virtually any point in the last hundred years. That’s an excellent marker for a strong economy.

You’re welcome to quit your job and make $0 if you believe it’s equivalent.

LOL! Between you and Idiotpole, I don't know who is worse? Before the pandemic, unemployment was at record low levels due to 3 years of Trump, NOT Obama. You libs either downright lie or gloss over the truth with broad strokes. Trump blew through money? Try Econ 101 brainfarter. Before the virus the stock market and unemployment were in GREAT shape. Reverse the situation and put Obama's name or Biden's name where Trump is and then "they are geniuses man, amazing geniuses!". It's to funny seeing the same people post the same crap on every thread. Flagpole either states the obvious and pawns it off as his own, lies, or talks out both ends. To be honest, it's great entertainment as the top 3 libs on these threads are morons:)

Fewer people? Try mega amounts don't want to work, period. You do realize that lots of slackers like you are still on unemployment, don't ya? After a period of time, they are removed from the stats, aka they don't count, as they aren't seeking employment. Biden has done jack squat to the economy but F it up by trying to buy votes. IF Trump did the same thing, you'd all be on here saying that he's buying votes, but you wimpy weasels won't dare bring that up as you sh*t your pants with facts;)

Simple Google for federal stats shows that there are fewer unemployment insurance claims now than pre-pandemic lows…

Total labor force is roughly 1MM (fewer than 1%) people less than it was pre-pandemic. So there’s not some huge loss of labor pool.

fred.stlouisfed.org

Civilian Labor Force Level

Civilian Labor Force Level

Link:fred.stlouisfed.org/series/CLF16OV

IDK man seems like you’re just making stuff up?

Pretty weak attempt.

If the economy is so great, why can't the frigging deadbeats payoff their student loans?