Unemployment

Feds ‘Added’ 1.3 Million Jobs by Double-Counting This Year, Top Economist Says

The U.S. federal government has produced higher than expected jobs numbers by double-counting figures this year, a top economist has stated. Throughout this year, the monthly jobs reports have been repeatedly topping market estimates. The July and August non-farm payrolls (NFP) reports showed 528,000 and 315,000 new jobs, respectively. The…

Fed May Require 7.5 Percent Unemployment to Lower Inflation

The U.S. Federal Reserve may require the American unemployment rate to rise to almost double its current level in order to control high inflation, a new report has suggested. According to a team of researchers from the International Monetary Fund (IMF), huge job losses may be necessary to bring inflation…