Friday, February 3, 2012

Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low

"A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million" [ZeroHedge]

This means these 1.2 million are NOW NOT COUNTED IN THE UNEMPLOYMENT NUMBERS !!! Wow ..... what a way to go ..... just keep telling unemployed to stop looking for work and our unemployment numbers can drop to ZERO. [clipper]

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