June 4, 2014
Conservatives, Tea Partiers, and Talking Heads on some business channels still chatter over “high unemployment” and a “weak economy”, but U6 and U3 unemployment measures of the actual numbers show a different picture of~ definitive trends~ ?:
US Unemployment (U6) of people who want work:
US Unemployment (U3) of people without jobs, who have actively looked for work within the past four weeks:
These numbers and their timing are right in line with our predictions about slow steady US (and Mexican) economic growth, as the US works-off the back-log of distressed properties and foreclosed properties (a 4 year process) from the 2008 Fiscal Crisis and all the resulting 2009-2012 layoffs. As the number of foreclosed/distressed properties fall, our home prices rise, and new construction rises, and people start to fuel economic growth by finally spending and building – again.
What should we think about the people who complained about a bad economy that was supposedly not creating jobs ?
Do they look to the roots and causes of the Crisis in easy-money policies and insufficient regulation of Wall Street “investment bankers” that came from Conservative’s de-regulation policies?
Are the last 4 years of steadily decreasing unemployment really a bad thing?
As predicted (back in 2010): 2014 – 2016 look good for both the USA and Mexico, as 2 million a year of relatively affluent Boomers become eligible for retirement every year until 2030 … ~visiting~ spending $$$ , (with some snowbirds renting or buying property to escape the cold), … all combine to fuel the future economies of Mexico’s expat communities … with good things predicted out to 2030 for Mexican expat areas: Baby Boomers: Retirement? Sufficient Savings? Their Likely Effects on Mexico?
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© Steven M. Fry
Read on, MacDuff.