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People Who “Want A Job Now” Jumps To Second Highest Ever As Persons Not In Labor Force Reaches Record

Posted By admin On November 5, 2010 @ 9:49 am In Money Watch | Comments Disabled

Tyler Durden
Zero Hedge [1]
Friday, November 5, 2010

Some more facts emerging from a look at two more sub-headline indicators: the persons not in the labor force, which we noted in the prior post, is now at the highest ever, at 84,626K, an increase of 462K from September. This odd change conveniently allowed the unemployment rate to stay low. And more importantly, the number of people who want a job now per Table A-1 [2]is now the highest in 2010, and the second highest in history: 6,255K, an increase of 53K from the month prior. Good thing that none of the 462K other who dropped out of the labor force had any desire to work, as otherwise both the U-3 and U-6 would have painted a far uglier picture than presented.

People Who Want A Job Now Jumps To Second Highest Ever As Persons Not In Labor Force Reaches Record People%20Who%20Want%20Job 0 [3]

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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/people-who-want-job-now-jumps-second-highest-ever-persons-not-labor-force-reaches-record

[2] Table A-1 : http://bls.gov/news.release/empsit.t01.htm

[3] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/gono/People%20Who%20Want%20Job.jpg

[4] 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

[5] 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

[6] 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

[7] Record 89,304,000 Americans ‘Not in Labor Force’ — 296,000 Fewer Employed Since January: http://www.prisonplanet.com/record-89304000-americans-not-in-labor-force-296000-fewer-employed-since-january.html

[8] 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

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