General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsEven if you can't trust the data, these 13 warning signs will tell you the economy is in trouble
For decades, statistics that came directly from the U.S. government, especially from agencies like the Bureau of Labor Statistics (BLS), have long been the gold standard for measuring the health of the American economy. But this trust has been shaken by recent events, including substantial downward revisions to jobs data, bruising political accusations, and the unceremonious dismissal of Erika McEntarfer, the BLSs top official, at the beginning of the month. The resulting uncertainty has left many Americans asking: If official government data cant be trusted, how can you know if the economy is struggling?
-snip-
So this invites the question: If you cannot trust official numbers, what concrete signs reveal economic trouble? Economists point to several alternative indicators that, individually and collectively, offer insightoften visible without needing to consult official statistics. Here are the telltale signs the average person, or a skeptical observer, should watch for.
Beyond the numbers: Recognizing economic distress
1. Labor market conditions
Even in the absence of official jobs figures, warning signs often emerge in the labor market:
More visibly unemployed people: Lines lengthening at job centers, more help wanted signs vanishing, and rising rates of layoffs reported by major companies.
Wage stagnation: If you and those around you are not receiving raises, or if companies pull back on hiring bonuses and perks, it often reflects broader malaise.
-more-
https://www.yahoo.com/finance/news/even-t-trust-data-13-160021876.html
no_hypocrisy
(55,390 posts)Sailingdiver
(373 posts)Easily reveals the disaster the funny yellow colored moron is inflicting not only on the country but the world.
What a mess we'll have to clean up.
I have some acquaintances still in the maga cult, I frequently ask them if this is what their vote demands. Crickets.
ret5hd
(22,588 posts)have already been fulfilled.
Fiendish Thingy
(24,102 posts)Not always as comprehensive, but still likely more reliable than future stats from the Trump administration.
PoindexterOglethorpe
(28,493 posts)It's just a matter of time, and I wouldn't be surprised if it's more like a depression.
berniesandersmittens
(13,211 posts)Seasonal veggies are going up this summer instead of down
Kick in to the DU tip jar?
This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.
As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.