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

Posted By admin On November 8, 2013 @ 12:23 pm In Featured Stories,Money Watch,Tile | Comments Disabled

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!

Whopping 932,000 Americans Drop Out Of Labor Force In October Participation%20Rate 0 0 [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.

Whopping 932,000 Americans Drop Out Of Labor Force In October Labor%20Force 0 [3]

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


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2013-11-08/whopping-932000-americans-drop-out-labor-force-october-labor-participation-rate-drop

[2] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/11/Participation%20Rate_0.jpg

[3] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/11/Labor%20Force.jpg

[4] 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

[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] 195,000 Fewer Americans Had Jobs in July; 150,000 Dropped Out of Labor Force: http://www.prisonplanet.com/195000-fewer-americans-had-jobs-in-july-150000-dropped-out-of-labor-force.html

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