So exactly why do the U.S. employment figures remain so lackluster? According to blogger Charles Hugh Smith, it comes down to this: the percentage of people with full-time employment is back to where it was in the mid-1970s. While the GDP and population have both grown since 2000, the rate of full-time employment has not. The Fed’s policies are boosting the profits of the financial markets sector and not much else, which means that would-be entrepreneurs and business owners are left with fewer resources with which to create jobs. This results in no organic job growth while the cost of doing business in the U.S. continues to rise. As long as that remains the case, expect the economy to keep hobbling along as it has for years.

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