2/3 of the decline in U3 related to participation rate
U6 remains constant at 13.1%
How can the rate drop when fewer than expected jobs are being created?
More funny math.
2/3 of the decline in U3 related to participation rate
U6 remains constant at 13.1%
Hey kids! It’s fun with numbers Friday! 6.7%! ROTFL! That’s 6.7%, PERIOD!!!
The unemployment rate has lost all meaning other than as a propaganda tool. The labor force participation rate is far more meaningful and shows the continued spread of a dependency culture with the government fostering programs that encourage sloth in a hundred ways.
What’s really going on out there? The numbers make no sense. We are dropped precipitously to 6.7% with essentially no job growth. The population is growing faster in December than the job increase.
I understand all the discussion we’ve had about people leaving the workforce and/or going to disability...and I get that. but even accounting for that, I don’t see how we could see that kind of drop. In my personal look around, I am not seeing anyone in my friend circle without a job, like a few years ago, but I do know a number of people doing worse than 5 years ago. It is really hard to figure out what’s going on out there with these numbers.
I guess we don’t need to extend the unemployment insurance.
When the measured workforce shrinks and folks are deemed to no longer be “looking for work”, they are no longer counted as “unemployed”.
This is a political lie to improve prospects in the 2014 midterms.
What a joke. Terrible news, but the headline will look great to the low-informationers. Obama will crow about this in the State of the Union, but if things are so great, how come we can’t cut extended unemployment benefits, Fed stimulus or have the sequester cuts? Good lord, we are six years into the ‘recovery’’, and the economy still needs life support.
What a bunch of cr*p statistics.
Obviously unemployment isn’t getting better.
We need JOBS.
Not fiddling with statistics. Bring back US jobs.
We’ve got the most corrupt government on the planet right now.
And the weekly chocolate ration has been increased from 30 to 20 grams!
Obama be praised!
“The unemployment rate dropped to 6.7 percent, below economist estimates and due primarily to continued shrinkage in the labor force. The labor force participation rate tumbled to 62.8 percent, its worst level since January 1978”
The attempted Forced Federal Concentration Camp U.S. Territory is going to meet total resistance by the free people.
It’s all my fault. I just changed my TSP allocations.
Oh, no! Look at all those unemployed moochers that so many at FR hate! And they all voted for Obama! They deseve what they get!
At this rate, we’ll be at “full employment” by June!
Funny math, indeed. At this rate the endgame is a reported unemployment rate of near zero, with those employed working for the government. /S
When there are only 500 people left in the labor force, and all of them have a job, the unemployment rate will be 0%, and Democrats will credit Obama’s economy. What a farce these numbers are.
“Labor force participation rate” is a statistical lie designed to shield the politicians from reaping the fruits of their “labors”.