The FED’s Labor Market Fallacy

Carol Roth is back again to breakdown the FED's latest attempts to make the economy look better than it actually is. One of the more puzzling stats is the labor market that the administration often points at to support their claim of a strong economy, however, employment rates always tend to lag several months behind a genuine recession. Roth notes that we are seeing, and will continue to see massive corporate layoffs over the next year.