SOMEHOW 1.2 MILLION PEOPLE LEFT THE LABOR FORCE

Written By: GaryK - Feb• 03•12

Last month, I jokingly said that I could make the unemployment rate drop to 7% overnight. Just take a few million people out of the labor force. Well…in this latest report, somehow 1.2 million people left the labor force…taking the unemployment rate even lower. I will let you decide if there is political shenanigans going on. I just know know that logically, if things were actually getting much better, more people get back INTO the labor force…not the other way around. 

Check this out:

Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low | Z

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