it is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 toAlmost 46% of working age adults are not employed,this is not good.In fact it would have been better if unemployment went up,rather than the labor force to shrink.This is a powder keg waiting to explode!
88,419,000. This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.
Saturday, May 5, 2012
The Powder Keg Is Building
From Zero Hedge: