Bank Of America: The US Unemployment Rate Is Falling Because Americans Are Too Rich

Source: Biztoc.com· zerohedge.com· August 12, 2026
Bank Of America: The US Unemployment Rate Is Falling Because Americans Are Too Rich

Bank Of America: The US Unemployment Rate Is Falling Because Americans Are Too Rich Last Friday's dismal jobs report (where 23K jobs were lost) had a silver lining: the unemployment rate dropped to 4.1%, the lowest since June 2025, dinging expectations that…

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