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Why We Should Worry About Another Disappointing Jobs Report

Why We Should Worry About Another Disappointing Jobs Report
A 'Help Wanted' sign is posted beside CCP virus safety guidelines in front of a restaurant in Los Angeles on May 28, 2021. Frederic J. Brown/AFP via Getty Images
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Commentary

In economics, real economic return isn’t just an important metric. It’s crucial. That’s why I find it so intellectually dishonest when some economists look at the gross domestic product (GDP) and employment growth without putting it in the context of the massive increase in debt, spending, and money supply.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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