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Whopping 932,000 Americans Drop Out Of Labor Force In October

Participation Rate Drops To Fresh 35 Year Low

Zero Hedge [1]
November 8, 2013

The only two charts that matter from today’s distroted nonfarm payrolls report.

First, the labor force participation rate, which plunged from 63.2% to 62.8% – the lowest since 1978!

[2]

But more importantly, the number of people not in the labor force exploded by nearly 1 million, or 932,000 to be exact, in just the month of October, to a record 91.5 million Americans! This was the third highest monthly increase in people falling out of the labor force in US history.

[3]

At this pace the people out of the labor force will surpass the working Americans in about 4 years.