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!
"... It is only in this way that we can hope to arrive at truth, and fulfill the great responsibility which we hold to God and our country. Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings."....I know not what course others may take; but as for me, give me liberty or give me death!"
Saturday, October 4, 2014
THE NATURAL BORN LIARS ARE AT IT WITH UNEMPLOYMENT RATE AT 5.9%–YET THE LABOR FORCE HAVE BEEN DOING THE INCREDIBLE SHRINKING EFFECT AS 92 MILLION AMERICANS NO LONGER WORKING - FROM WHAT WAS ONCE THE LABOR FORCE OF 63% NOW TO DOWN 59%–THE LEGACY OF THE DEMOCRAT POTUS BHO IS TO CREATE UNEMPLOYMENT INSTEAD OF CREATING JOBS
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