Stagflation: requires three things --
- rising unemployment
- rising inflation
- and something else
We won't know for awhile, but it appears inflation has peaked. Maybe. Maybe not.
But unemployment? LOL.
I guess folks are going back to work in order to pay:
- for gasoline; and,
- for marijuana, now that President Biden has effectively legalized it.
I think North Dakota is, right now, trying to figure out if it wants to legalize marijuana. Maybe Biden's actions will help. But I digress. Back to jobs.
BLS: link here --
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