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%.
Musings on history,most especially on the War Between The States,southern culture and anything else that may tickle my fancy or riles my blood.
Saturday, May 5, 2012
The Powder Keg Is Building
From Zero Hedge:
Subscribe to:
Post Comments (Atom)
3 comments:
Where's the match? Posted.
Thank you for your comment,Brock.
Thank you for the post, Sir.
Post a Comment