Saturday, February 4, 2012

Labor Force Participation Rate Tumbles To Fresh 30 Year Low

According to the Bureau of Labor Statistics (BLS), a record 1.2 million people fell out of the labor force in one month. How does this figure effect the positive drop in unemployment to 8.3% reported for January 2012? See article and charts at Zero Hedge...

Added 2/13/2012: See chart.

Unfortunately, we can't trust that good news is, indeed, good news. As President Reagan said, "Trust, but verify." --bc

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