Quote:
Originally Posted by vtec to vvel
https://www.cnn.com/business/live-ne...ary/index.html
"The Federal Reserve has been battling for almost a year to slow the economy and crush the highest inflation in 40 years, but the labor market continues to defy those efforts."
The Feds are looking at the current economic conditions the wrong way and they are looking to fight inflation the wrong way. They are using the playbook from previous times of fighting inflation, except the previous plays never included a large-scale pandemic such as COVID. Raising rates and killing jobs is NOT the way to go in this scenario (basically killing any chance for the supply side to catch up) 
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I call BS on that jobs number. They'll quietly revise that number to around 10,000 next week when no one is looking or reporting.
People are not going toget a job when they have government programs that pay them to stay home. Fact. 
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