This is exactly right. Basic economics are not being discussed by big media, because, well, they lie.

Labor market data are lagging economic indicators, which means they follow the other indicators that suggest we are in a recession, not lead them.

But again, they know this. https://t.co/N1UM2wHR1q

— Rich Baris The People's Pundit (@Peoples_Pundit) August 5, 2022