Doom & Gloom Report

Sometimes we get so myopic as a nation that we fail to see the facts staring us in the face.

So let's talk facts.

The U.S. is at full-employment. There are varying definitions of full-employment, but 4.7% is right in the middle of the range of the varying definitions. So regardless of how it's defined, we're right there.

Compare this with our friends in Europe:

France 9.2%

Germany 8.3%

Italy 7.5%