Talk of The Villages Florida - View Single Post - Inflation
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Old 11-27-2021, 10:59 AM
Rainger99 Rainger99 is online now
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Quote:
Originally Posted by Vermilion Villager View Post
Actually the majority of Americans, and 80% of the people who call TV home are flush with cash....Individual Savings are at record highs, wages are up, and unemployment is at a 52 year low. If you know anything about economics....the inflation is driven by high demand for goods and services.
So to answer your question....I'm good!!!
Unemployment claims are at a 52 year low - not unemployment. In October, 2021, the unemployment rate was 4.6 percent. That is not a 52 year low. The number of unemployed persons was 7.4 million. In February, 2020, the unemployment rate was 3.5 percent and 5.7 million were unemployed.