As I’ve been looking into the current US economy and them covering up/lying about recession, I keep seeing liberals saying one thing over and over- that our labor market is very healthy. Is that just another way to say unemployment? This comes across as capitalist speak for, we love how many people are working multiple jobs, “people are getting back to work” etc. Hannity on Fox News was recently ranting about how people should be willing to work “70, 80, even 90 hours a week” during a recession. Classical economics spend so much time bullshitting and using language that sounds better than the truth.
Healthy is a subjective word and I would not describe it as healthy. They most likely refer to unemployment being low compared to historically which is true.
Recently population growth has slowed and many workers died or became disabled when they decided to let the disease spread freely. In such a situation, it is possible to both have a recession and low unemployment at the same time. It may become more frequent occurrence in the future so low unemployment does not necessarily reflect a strong economy as it did in the past.