NOT! In the Labor Force remains at very high levels. 99.5 million people. To hit prependemic levels 5 million would have to start looking for a job. If that were to happen then the unemployment rate would skyrocket. Since the unemployment rate only counts those who are looking for jobs.
The question is if and when we hit a recession how high will we go?
Always...
In 2008 we had a bunch of Perma bears. Gold is real money, founding fathers, banksters, who will buy the bonds, hyperinflation. Today the opposite, Govt/FED apologists, nothing is bad enough, it's transitory, worry how to spend it not how to pay for it. Wanna guess who is wrong?
For every Bill Gross that says who will buy the bonds, there is an opposite Bill...
