Yes - the chart you posted tells the real story.
So does this:
Unemployment Rate for October 2016 is 23.0%
http://www.shadowstats.com/alternate_data/unemployment-charts
Real inflation rate is 5*%
http://www.shadowstats.com/alternate_data/inflation-charts
National business closure and job loss news:
http://www.dailyjobcuts.com/
A LOT of Peggy Josephs on that graph.
According to the October jobs report, the labor force participation rate ticked back down slightly to 62.8%, just below the 62.9% rate in September.
http://finance.yahoo.com/news/labor-force-participation-ticks-down-123818162.html