Off our normal CWL topics

This is from a poster on one of my message boards. It is disturbing regarding employment, especially participation in the job market. Also think about how the government is spinning the numbers to look better than they really are. Not a pretty picture.   Ken
(Y/Y means year over year in #2)

Employment:

 

1. The US unemployment rate did not improve month-over-month, staying at 8.3% (only down 0.7% year-over-year)
2. Taking out the government’s random Birth/Death “Adjustment”, the monthly payroll print was +28,000 y/y (yawn)
3. At 63.9%, the US Labor Force Participation rate was second lowest ever (to January 2012’s print)

The lowest Labor Force Participation rate ever? Yes, ever is a long time.