6 July 2023
The U.S. economy continues its downward spiral, leaving many Americans dissatisfied. Inflation is soaring, the cost of living is rising, the housing bubble is bursting, and the commercial real estate market is in disarray. While the Biden administration touts a low unemployment rate of less than 4 percent, the reality is much different. The Bureau of Labor Statistics classifies unemployed individuals as those actively seeking work, leaving only 6.097 million Americans in that category. Shockingly, 99.800 million working-age Americans are considered “not in the labor force,” resulting in a total of 105.897 million unemployed individuals. This surpasses the numbers seen during the Great Recession. The government’s claims of low unemployment are misleading, with the real rate estimated to be around 25 percent by John Williams.