Relevant:
- Another Phony Employment Report
- April jobs: Unemployment rate falls to the lowest since 1969, But not-in-workforce surge to fresh high
- Records In Jobless Duration And People Who Want A Job As Civilian Labor Force Plunges
- Another Payroll Disaster: Jobs +69,000, Employment Rate +.1 to 8.2%, April Jobs Revised Lower to +77,000; Long-term Unemployment +310,000
- Nonfarm Payroll +120,000, Unemployment Rate Fell .1 to 8.2%, Record 87,897,000 "Not in Labor Force"
2012-12-09 — mybudget360.com
Some important figures to analyze on the recent jobs report. First, over 500,000 people dropped out of the labor force. This is beyond the demographic changes we are facing. The 146,000 added jobs largely came because of seasonal shifts. The drop in the unemployment rate is largely due to the 500k labor force drop. We need 125k jobs a month just to keep up with population growth:
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