The Next Big Economic Crisis - UNEMPLOYMENT
Valuetainment
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How Do You Measure Unemployment?
There's six different ways they measure unemployment. They take the number of unemployed divided by the total labor force, times 800. The second one is the current population survey in which approximately 60,000 households are surveyed. When inflation is low, unemployment sometimes can be high. So today, what has Jerome Powell been doing? They increased interest rates seven times,. Back to back to back to cause inflation to go down. If they causeflation to go down, unemployment should go up, okay?
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