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Re:U.S. annual inflation rate drops to 8.5% by honkkong420 on Wednesday August 10, 2022 @10:58AM (#32413103)
But our unemployment rates were so low in 2019, how could they have been lower with higher inflation?
Re:U.S. annual inflation rate drops to 8.5% by celtain on Wednesday August 10, 2022 @11:45AM (#32413947)
We have seen unemployment fall slightly below 2019 levels, but the more significant result of greater demand stimulation would have been reaching those levels of unemployment much faster, rather than taking a decade to recover from the great recession.
Re:U.S. annual inflation rate drops to 8.5% by honkkong420 on Wednesday August 10, 2022 @01:33PM (#32415669)
That seems to be entirely explained by labor force participation. Note the skyrocketing amounts of people with more than one job
Re:U.S. annual inflation rate drops to 8.5% by jonnycomputer on Wednesday August 10, 2022 @11:50AM (#32414025)
high employment and higher inflation can go hand in hand, actually, just high unemployment and deflation can (in a recession).
Re:U.S. annual inflation rate drops to 8.5% by honkkong420 on Wednesday August 10, 2022 @01:34PM (#32415683)
Yeah that’s my point, inflation rates don’t really influence unemployment rates except at the margin