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People Not In Labor Force Soar To Record 91.8 Million; Participation Rate Plunges To 1978 Levels
ZeroHedge ^ | 01/10/2014 | Tyler Durden

Posted on 01/10/2014 6:50:50 AM PST by Starboard

Curious why despite the huge miss in payrolls the unemployment rate tumbled from 7.0% to 6.7%? The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.


TOPICS: Business/Economy
KEYWORDS: employment; jobs; laborforce; unemployment
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To: taildragger

I’m not certain but I think Drudge has linked to ZH before.

ZeroHedge provides a healthy degree of skepticism and is a nice counterbalance to the misleading economic information put out by the administration and their allies in the media.


21 posted on 01/10/2014 7:52:31 AM PST by Starboard
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To: kabar

Its pretty safe to say that we won’t be seeing this graph shown on any of the MSM outlets tonight, if ever.


22 posted on 01/10/2014 7:55:07 AM PST by Starboard
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To: Starboard

Another big win for Dems.
The entitlement army provided a win for Baraq in 2012 and it’s GROWING!


23 posted on 01/10/2014 7:57:35 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: Starboard
The problem didn't start with Obama, but he certainly made it worse.


24 posted on 01/10/2014 8:17:26 AM PST by PGR88
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To: PGR88

Pretty good inflection point when Caliph Baraq assumed office.

This is another stat that will improve as the Death Panels take out old folks.


25 posted on 01/10/2014 8:19:49 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: nascarnation

The entitlement army

*********
Good description. Mobilization of the idle.


26 posted on 01/10/2014 9:19:37 AM PST by Starboard
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To: MrB

BTTT!


27 posted on 01/10/2014 4:54:30 PM PST by Pagey (HELL is The 2nd Term of a POTUS who uses the terms “social justice” and “fair distribution".)
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To: alloysteel

It’s only a matter of time until Obama ends up being considered worse than former President HOOVER. It’s not like there’s going to be much out there that is going to realistically hiring anyone at any point.

I predict that the jobless will soar every few months as more and more businesses shut down or stop hiring at all.


28 posted on 01/13/2014 1:10:29 AM PST by CorporateStepsister (I am NOT going to force a man to make my dreams come true)
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