I was surprised the CNN article on this openly said fairly on in the headline that the drop was due to people leaving the workforce.
RE: I was surprised the CNN article on this openly said fairly on in the headline that the drop was due to people leaving the workforce.
______________________
It’s coming to a point where one cannot ignore the labor participation rate any longer. The U6 figures will then figure more prominently.
You can’t put a happy face on the unemployment rate figures when PEOPLE REALLY ARE NOT WORKING.
At the rate this is going, we’ll have MORE PEOPLE DROPPING OUT OF THE WORKFORCE and by November, the unemployment rate approaching 7%.
But if you don’t have a job and know that your neighbor, college grad kid and friends don’t have a job either, eventually you’ll know the figures are BS.