Skip to main content

Labor Participation Rate Drops To 36 Year Low

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 slid 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, 232,000 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!

And that's how you get a fresh cycle low in the unemployment rate.


Read more: here
Labels:

Comments

Post a Comment

Popular posts from this blog

Ventura Lawsuit: TSA Pat-Downs Classify as ‘Unlawful Sexual Abuse’

Former Minnesota Governor Jesse Ventura is suing the TSA and Homeland Security for humiliating and ‘offensive’ pat-down procedures he’s been subjected to during airport security checks that included ‘warrantless, non-suspicion-based offensive touching, gripping and rubbing of the genital and other sensitive areas of his body.’ Ventura, who had a hip replacement procedure in 2008, says he was unduly targeted due to his disability. His lawsuit , filed yesterday in Minnesota, claims the pat-downs violated his privacy, his 4th Amendment right and legally meet ‘the definition for an unlawful sexual assault’.” Alex Jones, who traveled with Ventura last September during the production of his “Conspiracy Theory” TV show over the course of multiple flights, witnessed the former governor being groped and inappropriately touched in a pat-down procedure that Ventura faces everytime he travels. “That’s why I want to leave the United States,” Ventura had told Jones at the time. “This
Post a Comment
Read more