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Friday, October 7, 2022

The September, 2022, Jobs Report

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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