How do 1.2 Million People Leave the Workforce in a Month?
How do 1.2 million people drop out of the labor force in a month? Retirement? Give up? I don't know but coupled with BLS statistics that suggest that unemployment has dropped to 8.3% it sure looks like somebody is cooking the books.
Labor force participation has been in perpetual free-fall since late 2008. Either we are seeing the retirement of the baby boom generation or the end of an employment bubble.
Former Labor Secretary Elaine Chao claims that real unemployment is running at 16% and the youth rate is 24%. These are near Depression rates that break a people eventually.
Labor force participation has been in perpetual free-fall since late 2008. Either we are seeing the retirement of the baby boom generation or the end of an employment bubble.
Former Labor Secretary Elaine Chao claims that real unemployment is running at 16% and the youth rate is 24%. These are near Depression rates that break a people eventually.
posted by lugh lampfhota at 10:43 AM
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