they said the workforce participation, (i believe it represents the number of people in the workforce looking for work- someone please correct me if i’m wrong), is the lowest since 1981- there was a collective gasp of horror from the CNBC crew when that was mentioned...
from zerohedge.com
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%.
Holy Sh*t...