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Labor Force Participation Rate Drops To 63.9%, Lowest Since January 1984

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Karmadillo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 09:07 AM
Original message
Labor Force Participation Rate Drops To 63.9%, Lowest Since January 1984
http://www.zerohedge.com/news/labor-force-participation-rate-drops-639-lowest-january-1984

While we still await for BLS.gov to finally come back up online half an hour after printing the actual NFP number, here is the one data point that we know for a fact: the labor force participation rate, and the reason why the general unemployment rate declined to 9.1%, just dropped to 63.9%, the lowest in 16 years, or matches the participation rate from January 1984.

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Pale Blue Dot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 09:15 AM
Response to Original message
1. Hmmm... nobody seems to want to read this...
I wonder why....
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Supersedeas Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 09:16 AM
Response to Reply #1
2. then there is the undocumented unemployed...shhhhhh, don't document that
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Karmadillo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 10:01 AM
Response to Reply #1
3. It's too bad as it gives a better indication of where we are. 193000 more left the work force
in the latest report.
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katnapped Donating Member (938 posts) Send PM | Profile | Ignore Fri Aug-05-11 10:02 AM
Response to Reply #1
4. I don't hear you clapping! tsk tsk! n/t
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Karmadillo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 01:48 PM
Response to Original message
5. Kick
nt
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originalpckelly Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 01:54 PM
Response to Original message
6. That's 26 years.
Not 16.
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JoeyT Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-06-11 05:02 AM
Response to Original message
7. It's easy to claim unemployment is low when
you ignore most of the people that are unemployed.

Does anyone outside D.C. seriously think unemployment is under 10%? Because if so, I've got tons of waterfront property they might enjoy owning.
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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-06-11 05:11 AM
Response to Original message
8. Recommend
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