Record 1.2 Million People Fall Out Of Labor Force In One Month

"This is the largest absolute jump in 'Persons Not In Labor Force' on record...and biggest percentage jump in 30 years."

LOL....and the robots dive head-first into the market, frothing for the latest deals.
 
By the time November rolls around the unemployment rate will be in the area of 6-7% as Obama proclaims, "we're on our way to full employment." Jobs for everyone!
 
It's good to see HeroZedge is up to its usual shenanigans. I guess the whole doomsday thing hasn't worked out that well, so they feel the need to get all defensive.

In reality, today's release was very strong by any measure. Household survey numbers (incl participation rate, unemployment rate, etc) are to be taken with a pinch of salt, due to the population count adjustment that BLS normally performs in January. So yes, unemployment rate drop of 0.3% and the household employment number jump of 847k are probably somewhat exaggerated. However, that doesn't change the fundamental dynamics that are, for the moment, obvious.
 
Quote from Martinghoul:

It's good to see HeroZedge is up to its usual shenanigans. I guess the whole doomsday thing hasn't worked out that well, so they feel the need to get all defensive.

In reality, today's release was very strong by any measure. Household survey numbers (incl participation rate, unemployment rate, etc) are to be taken with a pinch of salt, due to the population count adjustment that BLS normally performs in January. So yes, unemployment rate drop of 0.3% and the household employment number jump of 847k are probably somewhat exaggerated. However, that doesn't change the fundamental dynamics that are, for the moment, obvious.
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Good to see the JV Team for the Fed/TBTF banks taking time out of practice and hazing to defend the Ministry of Truth. However, the numbers have been rendered near meaningless.

http://harpers.org/archive/2008/05/0082023
 
MG, Please tell me how this is positive in any manner whatsoever.

Participation%20Rate.jpg


Remember, also, MG - your precious Fed will have a much harder time printing away (at least overtly) with massaged data like your release stated.
 
Im still questioning why there is even talk of keeping rates at 0% into 2014 and why even some fools think this economy needs QE3....if everything is all perfect why does BUBBLE ben bernanke still want to keep pumping up the economy with worthless dollars?
 
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