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RE: Greenspan Calls a Spade a Spade and Admits to Bond Bubble.

in #market7 years ago

Fascinated by your comment suggesting 100 million working age people are not employed in the US. This is the second video where you have suggested this level.

My understanding is that we have around 332m (2017) people in the US. Around 66% are of working age (15-64 yrs) - say 220m rounded. 2014 stats indicate around 50% of 15 yr plus are married of which (my assumption) I suggest 20m cannot participate due to "domestic duties". So we have an avaiable labour force of 200m (220m - 20m). Accordingly, your suggested unemployment rate is 50% (100m / 200m). Am I hearing this correctly?

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