The Reality of the US Jobs Situation

We hear about all the jobs that are being created. The last jobs report, which valids the Fed tightening (at least in their minds), showed an increase of over 500K.

In this video I discuss how this is misleading. While there was a net job gain, it is mostly at the lower end. This is more than being offset, in economic value, by the layoffs that starts on Wall Street and within many corporations.