Participation Rate Crashes To October 1977 Level: Americans Not In The Labor Force Soar By 579,000 To Record 94.6 Million

by Tyler Durden
ZeroHedge.com
10/02/2015

While the September jobs number was an absolute disaster, here is the real punchline: in September, the people not in the labor force soared by a whopping 579,000 to a record 94.6 million, up from the previous record 94.0, even as number of people employed – according to the household survey used to calculate the “5.1%” unemployment rate – tumbled by 236,000 to 148.8 million. 62.6% to 62.4%, it was the lowest since October 1977.

The Rest…HERE

This entry was posted on Friday, October 2nd, 2015 at 11:18 am and is filed under Economics, God Help Us, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.