Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Lowby Tyler Durden
Feb. 05, 2012
Dr. Drew Show Canceled Just Days After He Questioned Hillary's Health
Video Shows African Flash Mob 'Flash Rob' Restaurant in Italy
Finland: Video Shows Fight Between Migrants & Locals, 15yo Finn Beat With 'Hard Object'
Hillary Goes All In: Trump is a Racist, Neo-Nazi, KKK Loving White Supremacist
Sheldon Adelson Pledged to Give Trump $100 Million, He's Yet to Give Him a Dime
A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month!