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Labor Force Participation Rate Drops To Fresh 25 Year Low, Adjusted Unemployment Rate At 11.7%

Posted By admin On January 7, 2011 @ 8:19 am In Money Watch | Comments Disabled

Tyler Durden
Zero Hedge [1]
Friday, January 7, 2011

While today’s unemployment number came at a low 9.4%, well below expectations, the one and only reason for this is that the labor force in America has plunged to a fresh 25 year low. Assuming a reversion to the mean in the long-term average participation rate back to 66%, means that the civilian labor force, which in December came at 153,690, a drop of 260,000 from November, is in reality 157.6 million, a delta of 3.91 million currently unaccounted for. Maybe someone can ask Bernanke during his imminent presentation before Congress what happened to the unemployed population, which would have been 18.4 million if this labor force delta was incorporated, resulting in an unemployment rate of 11.7%.
Labor Force Participation Rate Drops To Fresh 25 Year Low, Adjusted Unemployment Rate At 11.7% Labor%20Force%20Participation%20Rate 0 [2]

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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/labor-force-participation-rate-drops-fresh-25-year-low-adjusted-unemployment-rate-117

[2] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/havenstein/Labor%20Force%20Participation%20Rate.png

[3] Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low: http://www.prisonplanet.com/record-1-2-million-people-fall-out-of-labor-force-in-one-month-labor-force-participation-rate-tumbles-to-fresh-30-year-low.html

[4] People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels: http://www.prisonplanet.com/people-not-in-labor-force-soar-by-663000-to-90-million-labor-force-participation-rate-at-1979-levels.html

[5] Persons Not In Labor Force Who Want Job Now Jumps To All Time Record; Real Unemployment Rate At 12.8%: http://www.prisonplanet.com/persons-not-in-labor-force-who-want-job-now-jumps-to-all-time-record-real-unemployment-rate-at-12-8.html

[6] 169,000 Americans Drop Out of Labor Force in January As Unemployment Ticks Up: http://www.prisonplanet.com/169000-americans-drop-out-of-labor-force-in-january-as-unemployment-ticks-up.html

[7] Both Consumer Confidence And The Labor Participation Rate Are At A 30 Year Low … That’s Not A Coincidence: http://www.prisonplanet.com/both-consumer-confidence-and-the-labor-participation-rate-are-at-a-30-year-low-thats-not-a-coincidence.html

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