The coronavirus crisis has led to millions of lost jobs, and millions more workers who have jobs but who aren’t making as much today as they were a year ago. Official numbers state that the unemployment rate is at 6%, but that is misleading because it doesn’t count underemployed, marginally attached, and discouraged workers. In this episode, Jay Pluimer shares the real unemployment rate, provides context for why the Federal Reserve has been so active in stimulating the economy and discusses what it all means for consumer spending and the U.S. GDP.
Always check back next week for more Flourish Insights with Jay Pluimer and don’t forget to check out our insights blog at https://www.flourishinsights.com
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