Saturday, May 5, 2012

People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981

Via Battle of Atlanta

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%. 

Labor force participation Rate:

More @ Zero Hedge

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