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To: ChinuSFO who wrote (113225)

5/9/2012 7:34:02 PM

From: mindmeld

Read Replies (1) of 133972

Chinu,
look at the facts, man. Labor Force Participation is falling off of a cliff. What in heck do you think that means? It means more people are falling off the payrolls than are getting hired. Since the BLS does not count people who have been unemployed for too long or who have ceased looking for work, it artificially decreases the Unemployment Rate. So we have the VERY misleading view of watching the Unemployment Rate fall, even as fewer and fewer people are actually employed.

If you are worried about the economy, then you need to be very worried about the fact that the Unemployment Rate is touted as an improvement, when the underlying data shows a much more ugly picture. Don't trust me? Fine. But look at the Bureau of Labor Statistics. Labor Force Participation is on a downward trend with NO IMPROVEMENT IN TREND SINCE 2008! And this is despite the $1.5 trillion per year deficits and massive Quantitative Easing that Obama and Bernanke have been doing. So much for Keynesianism working. It's failed utterly.

data.bls.gov

Data extracted on: May 9, 2012 (7:30:27 PM)

Labor Force Statistics from the Current Population Survey
Series Id: LNS11300000
Seasonally Adjusted
Series title: (Seas) Labor Force Participation Rate
Labor force status: Civilian labor force participation rate
Type of data: Percent or rate
Age: 16 years and over

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