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%.
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.
Its pretty safe to say that we won’t be seeing this graph shown on any of the MSM outlets tonight, if ever.
Another big win for Dems.
The entitlement army provided a win for Baraq in 2012 and it’s GROWING!
Pretty good inflection point when Caliph Baraq assumed office.
This is another stat that will improve as the Death Panels take out old folks.
The entitlement army
*********
Good description. Mobilization of the idle.
BTTT!
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.
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