5 Years Of Obama Has Decimated The American Work Force
Welcome to the New Normal
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%. source – Zero Hedge
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.
The jobless, laborless recovery continues to steam on.
|Print article||This entry was posted by NTEB News Desk on January 11, 2014 at 12:06 am, and is filed under Cloward-Piven Strategy, Obama, Washington. Follow any responses to this post through RSS 2.0. Both comments and pings are currently closed.|
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