People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981
UNEXPECTED = LESS THAN EXPECTED
drink
I wonder how many people is off the payroll now..
They’ll work it down below 8% before long.
More: Drop in unemployment rate nearly entirely from people leaving the workforce
Yet the “official rate” went down, didn’t it? What a joke.
I wonder how many people “mysteriously” disappeared off the roles this month to get the rate down to 8.1%. Like Rush Limbaugh said yesterday, the rate WILL be below 8.0% on election day even if we lose 10 Million jobs between now and then.
It plummeted .1%!
Whoo hoo!
Soon to be revised upward...
It’s 8.1% if you don’t count the millions who have given up looking.
The 0bamunists will continue to cook the books on unemployment numbers right up to the election...
So another 522K people are counted as out of the work force last month. And unemployment falls a tick to 8.1%. Remind us again how that’s good news? There are 2.7M more people out of the work force the past year, versus a mere 945K going into it. As such, the participation rate hits another cycle low of 63.6%. No worries, somehow today’s news–including the lower-than-expected job growth–will be spun positively.
Jobs do NOT go up, but the unemployment rate goes DOWN.
Obama and crew are playing chicken with the economy. They are now intentionally injuring it so as to discourage workers from looking for jobs.
IF the economy won’t take off and help them, then, by gosh, they’ll kill it.
What that means is huge trouble if Scotus doesn’t overturn ObamaCare, because that will increase employer costs out the roof and even more will be laid off. We’ll enter a Great Depression.
If ObamaCare is overturned, then at best the economy will sputter due to a massive new group of people receiving 2 years of unemployment checks and then going from there onto the welfare rolls, thereby enlarging the Dem Party voting bloc.
This isn’t just bad news; it’s sinister news.
It’s the first clear indicator that Obama is intentionally pushing programs in order to lower the unemployment rate by discouraging workers.
How in the world is anyone buying these unemployment numbers?
If we’re adding 115,000 jobs and having over 360,000 filing new unemployment claims each week, how in the world can the UE numbers be going down?
Next week’s headline:
“Non-farm payrolls *drop* 25,000; unemployment rate now 7.9%”
Needs more stimulus!!!!
Wait for it to be revised quietly in a week or two.
The real unemployment rate is around 10.9% when calculated the same way it was until 2009 and if using U-6, including all those unemployed collecting unemployment checks, the rate is about 16.5%. The economy sucks and 0bama won’t be able to campaign on his poor economic record for the election. He will LIE about it though.
The scary part is even after all the manipulation Obama is doing to the numbers, 115,000 and 8.1% is the best they can do
522,000 out of the workforce number during April [because they exhausted benefits], thus no longer counted, per Stuart Varney.
That is why the percent ‘dropped’ to 8.1%.