U.S. Gov Invents Negative Unemployment Rates

Did you like Negative Interest Rates? Then you're going to love Negative Unemployment Rates.

Remember when “negative interest rates” first appeared? It didn’t seem to make sense. You paid the bank to deposit money there? But negative interest rates became popular with the central bankers of many nations, in Japan and the EU especially. And recently the U.S. has had them too, at least as real negative interest rates, when inflation rose to levels above the interest you could earn.

Now we get another mind-bending innovation.  

In June 2021, the global government interventionists added a new chapter to their World-Turned-Upside-Down circus of post-rational “Economics”: Negative Unemployment Rates. In that month, reported the Wall Street Journal on August 9, unfilled job openings — 10.1 million — actually exceeded the number of people who were unemployed — 9.5 million people. There were no people who were jobless due to a lack of jobs. So the number of people who had no jobs because there were no jobs was a negative number: -600,000.

How did such an unnatural inversion occur? Keynesians and other leftists will come up with an answer in due time, we can be sure. And we can be just as sure that the answer will definitely not be that government regulators have been paying a lot of people a lot of money not to work.