Financial Crisis Alert: Half A Million People Drop Off Workforce In One Month, Bank of America To Cut 2100 Jobs, Shut 16 offices, HP Has Chopped 22,700 Jobs Since Last Year, Polled Unemployment Soars To March 2012 Levels!

Tuesday, September 10, 2013
By Paul Martin

By The Liberator
Tuesday, September 10, 2013

Record 90.5 Million Out Of Labor Force As Half A Million Drop Out In One Month; Labor Force Participation Rate Plunges To 1978 Levels

While the Establishment survey data was ugly due to both the miss and the prior downward revisions in the NFP print, the real action was in the Household survey, where we find that the number of people not in the labor force rose by a whopping 516,000 in one month, which in turn increased the total number of people outside the labor force to a record 90.5 million Americans.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter