Saturday, May 5, 2012

The Powder Keg Is Building

From Zero Hedge:
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 to
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%.
Almost 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!


Brock Townsend said...

Where's the match? Posted.

Thomas Gann said...

Thank you for your comment,Brock.

Brock Townsend said...

Thank you for the post, Sir.