Msg. 38651 of 45651 (This msg. is a reply to
38630 by
capt_nemo)
Jump:
The audacity of these b@st@rds is UNBELIEVABLE. And having gotten away with it once, you can bet that the unemployment picture will continue to improve right up to the election.
The jobs situation won't be improving, but people will THINK it's improving. Unfortunately, when it comes to elections, perception is far more important than reality.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
- - - - - The above is a reply to the following message:
Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low
By: capt_nemo in
ROUND Fri, 03 Feb 12 7:17 PM
Submitted by Tyler Durden on 02/03/2012 - 08:51 BLS Bureau of Labor Statistics Unemployment Withholding taxes
A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation. As for the quality of jobs, as withholding taxes roll over Year over year, it can only mean that the US is replacing high paying FIRE jobs with low paying construction and manufacturing. So much for the improvement.
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