[Bon of Babble]

Anyone here believe the economy is picking up and unemployment is low?

"The Obama Pattern: Workforce Shrinks, So Unemployment Drops"

The total number of people who are seeking employment has been decimated in the Obama recovery, with a record-breaking 92,120,000 Americans who, by the BLS’s definition, have dropped out of the labor force. That leaves the participation rate among working-age Americans stranded, for yet another month, at the lowest level it’s seen in four decades: 62.8 percent. The figure reflects a one-month increase in dropouts from the labor force of 111,000.

http://personalliberty.com/obama-pattern-workforce-shrinks- unemployment-drops/

http://www.shadowstats.com/

[SeekAndFind]

How accurate is this Shadow Stats and why are their numbers more reflective of the state of things than the DOL?

[CPT Clay]

Nope, this time it was the massive switch to part time jobs. Actually, there was a decrease in full time employment. The Participation rate stayed the same.