The Phaserl


Labor Participation Rate Drops To 36 Year Low; Record 92.6 Million Americans Not In Labor Force

from ZeroHedge:

While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slide from an already three decade low 62.8% to 62.7% – the lowest in over 36 years, matching the February 1978 lows. And while according to the Household Survey, 232K people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million!

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1 comment to Labor Participation Rate Drops To 36 Year Low; Record 92.6 Million Americans Not In Labor Force

  • Ed_B

    Wow! Just think, guys-n-gals… with only a little more effort, the USA can have the same result as was achieved by the USSR. No doubt that the effort WILL be made. Shortly before the labor participation rate hits zero and we are all sitting around on the dole, maybe a 10W light bulb will come on in some of the politicians’ heads that this is not a workable situation. These same boneheads already think that an economy that is 70% based on spending is viable and sustainable. It isn’t. Politicians are the most incompetent money managers known to man… and they prove it to us on a daily basis. When are we gonna figure out that spending more than we have is THE greatest threat to national existence that there is? It has destroyed every single country and empire in history, yet the politicians somehow think (?) that the USA is immune to the destructive forces of excess spending that they have unleashed. They have failed utterly to do a damned thing about what they have caused. This is why the financial collapse of the USA is inevitable. Got gold and silver?

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