Labor Force Participation Rate Tumbles To A 30 Year Low

Discussion in 'Economy' started by Mad Scientist, Feb 3, 2012.

  1. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    You can eat up the those unemployment propaganda numbers all you want but facts are stubborn things: 1.2 million people dropped out of the labor force in one month! :eek:
    From ZeroHedge:
    Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low | ZeroHedge
    They're not unemployed if you don't count them! :lol:
     
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  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Obama says he needs one more term to "finish the job "
     
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  3. skipper
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    skipper VIP Member

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    This has already been debunked in another thread. These numbers were based on a Census Bureau population adjustment. People dye and retire, you know?
     
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  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Lying fucker

    What's the Real Unemployment Number? - DailyFinance
     
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  5. KissMy
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    KissMy Free Breast Exam

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    Democrats won control of this country in 2006. They took office January 1, 2007. That was the last month we had an improving employment rate. Democrats have been in control for over 5 years now & the employment rate has dropped that whole time.

    [​IMG]
     
  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Which comes as no surprise once you realize that Democrats are to the economic left of real Communists
     
  7. expat_panama
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    expat_panama Silver Member

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    --and since mid '07 the number of people working has fallen from an all time high of 146,260,000 to the current 141.637,000.

    Since Democrats took over Congress: 4,625,000 fewer people working.
    Since Democrats took over the White house: 3,020,000 fewer people working.
     
  8. TakeAStepBack
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    TakeAStepBack Gold Member

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    Well, some economists in the main stream would start handing out shovels to have these folks dig holes and then fill them back in because this apparently is productive economically. These are the types of solutions offered up and we wonder why people are just dropping out. In another four years it should get so bad (or perhaps good, depending how you see it) that a new black market will form itself for goods exchange. At least, history tells a similar story.
     
  9. expat_panama
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    expat_panama Silver Member

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    That's actually what happened with Obama's first big lunacy he called "cash for clunkers" where our tax dollars were used to pay people to destroy their perfectly good cars and buy new ones. Yeah, I know the idea was to get new (supposedly less polluting) cars on the road, but the actual real life result has been to send the average vehicle age to an all time high.
     
  10. KissMy
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    Just looked at the U.S. Govt's Bureau of Labor Statistics monthly report.

    Dec. 2011 . Jan. 2012
    ------------------------------------------------------------
    153.373 . . . 153.485 . . . Civilian labor force (millions)
    140.681 . . . 139.944 . . . No. of persons employed (millions)
    12.692 . . . . 13.541 . . . No. of persons unemployed (millions)
    . . 8.3% . . . . 8.8% . . . . Unemployment rate (percent)

    These are the raw numbers, compiled by the government. See them at: Table A-1. Employment status of the civilian population by sex and age

    Looks to me like the unemployment rate went UP from Dec. 2011 to Jan 2012. And the number of people unemployed went UP, by 849 thousand people. (6.7% MORE people were unemployed in Jan than in Dec).

    "Seasonal adjustments" have somehow made this go away. I wonder how those 849,000 additional unemployed people feel about this?
     
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