Things are finally looking up – right?
Um, not so much.
On the outside, the U.S. economy appears to be recovering from dramatic lows just a few years ago, when the country was navigating through one of its worst financial crises in history. But before you pop the cork on the champagne bottle and celebrate, there are seven things you need to understand about the real state of the economy that don’t bode well for our future, if they remain unchanged:
— Nearly 92 million Americans have dropped completely out of the workforce, and no, it’s not because an unusually large number of us are retiring. According to the Labor Department, the latest figures show that a record 91.8 million Americans are no longer in the labor force, which helps explain last month’s .3-percent drop in the unemployment rate (it wasn’t because hundreds of thousands of Americans found jobs). As reported by Breitbart News, “to be included in the Labor Department’s calculations for this statistic, a person must be 16 years or older, a civilian, not in an institution (such as prison), and someone who has not looked for a job in the last four weeks.”
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