- Published on Dec 2, 2016
Unemployment drops to 4.6% from 4.9%. This is the last ditch effort to show that Obama economy is stable. More people have dropped out of the labor force and the labor participation rate increased. There are less full time jobs and more part-time jobs. The country has lost additional manufacturing jobs.Multiple job holders has hit an all time high. Trump might change how the Fed operates, removing its independent status, what he should do is just end the Fed. Mexico’s central banker resigns to work with the BIS for 6 months. Italy could ignite a horrific economic shock that could bring down the Euro and crash the system.