While the Trump administration and conservative media talk about decreasing unemployment and the addition of new jobs – it’s important to remember that there is another less optimistic side to the story. While the official unemployment rate in America is very low – many
healthy working age people have simply left the workforce and quit looking for jobs.
Did you know that the number of working age Americans that do not have a job right now is far higher than it was during the worst moments of the last recession? For example, in January 2009 92.6 million working age Americans did not have a job, but we just found out that in May the number of working age Americans without a job increased to just a shade under 102 million.
Watch Stefan Molyneux explain.