2 important charts that should worry you: food inflation, labor market

For the average person, there are two important economic statistics to always be on the lookout for: food inflation and participation in the labor market. The Federal Reserve has a couple of charts showcasing how high food inflation is and how low the labor force participation rate is.

Food inflation has risen substantially in the last 14 years, and once the printed money makes its way into the real economy be prepared for it to astronomically soar to the heavens.

Although many economists like to pay attention to the (official) unemployment rate, which dipped below six percent last month, the labor force participation rate is the key figure to observe. Right now, it stands at a 36-year low at just under 63 percent. With a real jobless rate of 20 percent and a labor force participation rate of 62.8 percent, the U.S. economy isn’t reviving at all.