When stocks take off, the stock market doesn’t just help keep inflation at bay; it also creates jobs.
According to the Bureau of Labor Statistics, there were nearly 2.3 million jobs created during the first half of the year.
On top of that, there are millions of jobs created each year by the technology sector.
That means the stock is creating new jobs.
For a long time, the jobless rate was high, as we saw during the Great Recession.
But that is no longer the case.
The unemployment rate has dropped from 8.4% in January 2008 to 7.4%, according to the National Employment Law Project.
When stocks take over, it has also boosted employment in a number of sectors.
According to a survey of the top 20 companies by McKinsey & Co., the number of workers at the top companies has increased by an average of more than 2,000 workers a day over the past six months.
That is an increase of almost 400,000 jobs since the beginning of the Great Depression.
In addition, the jobs created by the stock industry have helped push the U.S. economy back into a position of strength.
It has created more than 14 million jobs in the first six months of this year, and the number is expected to continue to grow.
This article originally appeared at National Review Online.