Mad Scientist
Feels Good!
- Sep 15, 2008
- 24,196
- 5,431
- 270
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!
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
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!So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.