932,000 Americans Drop Out Of labour Force, 623,000 Full Time Jobs Lost Just Last Month
First, the labor force participation rate, which plunged from 63.2% to 62.8% - the lowest since 1978! 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.
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A one-month rise or fall is not indicative of anything. Dumbass fearmongering by someone who can’t read a chart is what this is.
The labor force participation rate is a better indicator of real job growth than the BS number put out by the criminal government. That rate – the number of people NOT in the work force – keeps going up. Apparently you are the “dumb ass.”
Real unemployment measured by Shadow Stats keeps going up as well and hovering close to 25%, not the lying 7.3% put out by the government. And while we are at it, real inflation is around 10%, no the lying 2% put out yet again by the government.
Also, in November through January we go through this every year. Economists low ball the unemployment predictions only to be surprised by an uptick in employment. It’s called seasonal part time workers. Merry Xmas suckers!
yeah, notice he tells us someone can’t read a chart but doesn’t bother to explain to us what the chart ”really” says. even the trolls are running out of options.
NY Times:
The household survey can be volatile, and this may just be one of those outliers. The last similar labor force decline, in December 2009, seems to have been a result of such volatility. Within three months, all of them were back.
“We have to wait for additional months of data,” said Steven Haugen, a Bureau of Labor Statistics economist.
http://economix.blogs.nytimes.com/2013/11/08/a-puzzlement-on-the-labor-force/?_r=0
FEARMONGERING? Think you’re the dumbass! http://www.cnbc.com/id/100610528 Some scary numbers in the jobs data. LOWEST LABOR-FORCE PARTICIPATION SINCE 1978 per CNBC.
get a job the Radical Right Tea Bagging fools tell ya….
What? Telemarketing or Bill Collecting? Pays nothing works ya 80 hours non-stop..
Your president is causing this mayhem….not the Real Americans who belong to the TeaParty!
Anybody else out there been mugged before? America is not reacting to this invasion of the American economy and economic treason by the issuers of the coin of the realm. Dump the Fed, before it dumps YOU!
In fact just the opposite happened this week, as Congress destroyed the Dodd/Franks bill reigning in the banksters… Leviathan has been loosed again to wreak havoc on the people of Planet Earth.
we are living in 1984. INGSOC – English Socialism. Obama Socialism.
The Ministry of Plenty is in control of Oceania’s planned economy. It oversees public access to food, supplies, and goods. It is also in charge of rationing these goods. it’s necessary to have the public continually create useless and synthetic supplies or weapons for use in the war, while they have no access to the means of production. This is Obama’s idea that a poor, weak populace is easier to rule over than a wealthy, powerful populace. Big Brother has been able to increase economic production, even when production has actually gone down –
that last part sound familiar? As people exit the workforce, and their benefits expire – Obama and his people report the number of unemployed going down ~ when really those people have been cast away or given up. HOPE AND CHANGE!
I know what’s real. I need a gawdamn job and nobody is hiring. Nobody has money to spend.
You live in East Texas? job market is almost non-existent here.
Plus add the immigrant factor, millions and millions the republicans are swarming in and giving a job visa or welfare who bring more family and get welfare. Republicans are the biggest communists they just have better cover up than democrats. They let the federal reserve, debt, holohoax and fakery wars go for a hundred years. Even with hoards out of work they still say ‘we should let ‘good’ immigrants in’, they let the giant welfare leech scheme roll, they’ll sneak in amnesty by ‘guest worker’ schemes when they know it’s 40 million illegal leeches. They even refused to defund the health bill even though they could have, because republicans work for the jew communists same as democrats. Immigration is the whopping boot in our face and America sits on it’s fat rear, just wait when immigrants and leeches get ‘free care’ or they cut off the food supply. rufus, it’s not ‘Obama’, it’s jew world order. Obama’s jew like them all. thezog.wordpress.com America watches smut tv and idiot ball games while the collapse is finalized. If you want a job or to survive at all, protest immigration, quit buying things and quit voting.
Its called The Depression. Its the beginning but nobody will tell you this. It does not start at 7 am
I everybodies world it starts when they realize that it is them who are in it.