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View Full Version : Red October: ~1,000,000 American Drop from Labor Force, LFP Falls to 35 Year Low

Will
11-08-2013, 10:18am
Obamanomics ladies and gentlemen.


The only two charts that matter from today's distroted nonfarm payrolls report.

First, the labor force participation rate, which plunged from 63.2% to 62.8% - the lowest since 1978!

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/11/Participation%20Rate_0_0.jpg

But more importantly, the number of people not in the labor force exploded by nearly 1 million, or 932,000 to be exact, in just the month of October, to a record 91.5 million Americans! This was the third highest monthly increase in people falling out of the labor force in US history.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/11/Labor%20Force_0.jpg

At this pace the people out of the labor force will surpass the working Americans in about 4 years.

Whopping 932,000 Americans Drop Out Of Labor Force In October; Participation Rate Drops To Fresh 35 Year Low | Zero Hedge (http://www.zerohedge.com/news/2013-11-08/whopping-932000-americans-drop-out-labor-force-october-labor-participation-rate-drop)
DropTheTop
11-08-2013, 10:23am
Thanks Obama!
Admiral Blue
11-08-2013, 10:46am
The bond and equity markets disagree with your charts. :confused5:

...or maybe they are disregarding them.
VITE1
11-08-2013, 8:33pm
The bond and equity markets disagree with your charts. :confused5:

...or maybe they are disregarding them.

They are disconnected from the real economy by the massive amount of money being created each month.
Cybercowboy
11-09-2013, 8:41am
They are disconnected from the real economy by the massive amount of money being created each month.

Yup. And when it all comes crashing down soon, most people won't have a clue why.
mrvette
11-09-2013, 10:37am
Most all of the FED .gov work force in the 70's is retiring like mad, for that matter all the Boomers are, or are being laid off right and left....

look at the massive amount of teachers, fire, cops, EMT, .mil retiring....


:issues:
VITE1
11-09-2013, 3:00pm
Yup. And when it all comes crashing down soon, most people won't have a clue why.

Most people can't find their ass sitting on a toilet using both hands.
Will
11-10-2013, 1:27pm
The bond and equity markets disagree with your charts. :confused5:

...or maybe they are disregarding them.

They do?

I wasn't aware that the bond-market hive-mind was a thing and it refuted our federally compiled employment statistics???

If you're asking how markets can go up while employment in America continues to go down and the situation gets worse for "Main Street" the answer is Quantitative Easing.
Bill
11-10-2013, 2:35pm
They do?

I wasn't aware that the bond-market hive-mind was a thing and it refuted our federally compiled employment statistics???

If you're asking how markets can go up while employment in America continues to go down and the situation gets worse for "Main Street" the answer is Quantitative Easing.

Shouldn't you be out recruiting new PR&C members?