Labor Force Participation Plunges To Fresh 26 Year Low

[Cali_Democrat]

The job market is still in tatters:

http://www.zerohedge.com/article/labor-force-participations-plunges-fresh-26-year-low

Labor Force Participation Plunges To Fresh 26 Year Low

At 64.2%, the labor force participation rate (as a percentage of the total civilian noninstitutional population) is now at a fresh 26 year low, the lowest since March 1984, and is the only reason why the unemployment rate dropped to 9% (labor force declined from 153,690 to 153,186). Those not in the Labor Force has increased from 83.9 million to 86.2 million, or 2.2 million in one year! As for the numerator in the fraction, the number of unemployed, it has plunged from 15 million to 13.9 million in two months! The only reason for this is due to the increasing disenchantment of those who completely fall off the BLS rolls and no longer even try to look for a job. Lastly, we won't even show what the labor force is as a percentage of total population. It is a vertical plunge.

[Newest Reality]

1. Nothing to see here ... keep moving along people ....

Oh, look ... a new, improved, communicative shiny thing over there to want! You must have it, NOW!

My condolences to my fellow travelers who, despite the scientific evidence to the contrary, have discovered that the Earth is flat because they inadvertently fell off the economic edge of it.

Ignoring the un-existing Underclass plummeting down the abyss over there may turn out to be a big mistake when the bell tolls for thee. It goes around, it comes around. No one and nothing exists or functions in a vacuum. You affect and are affected by everything and it is only a matter of degree.

[defendandprotect]

2. .. and we need 300,000 jobs a week for five years to catch up?

Were those the figures I read today?

We also need to overturn the Trade Agreements sucking jobs out of America -- !!

And then we need to slam he doors on the corporations that left -- and put

up tariffs to protect our jobs/goods.

[defendandprotect]

3. k/r

[taught_me_patience]

4. But the unemployment rate dropped to 9%!!!!!!!!!

:sarcasm:


Common DU cheerleaders... where are you on this?

[BzaDem]

5. This is completely wrong, and has been debunked already. It is amazing how so many news sources

continue to get this wrong.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=439&topic_id=347285&mesg_id=347285

[TacticalPeek]

6. Not completely.

http://research.stlouisfed.org/fred2/series/EMRATIO

And, substantially accurate.