How is this possible? That is almost 1 in 3 Americans!!
Check it out:
Curious why despite the huge miss in payrolls the unemployment rate tumbled from 7.0% to 6.7%? The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.
And the piece de resistance: Americans not in the labor force exploded higher by 535,000 to a new all time high 91.8 million.
http://www.zerohedge.com/news/2014-01-10/people-not-labor-force-soa...
You need to be a member of As Creepy As Clowns to add comments!
Join As Creepy As Clowns