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Thank Labor Force Dropouts, Not New
Jobs, For A Falling Unemployment Rate

The Federalist, by Sean Davis

Original Article

Posted By:Pluperfect, 1/11/2014 4:19:52 AM

According to new data from the Bureau of Labor Statistics (BLS) released this morning, the U.S. economy last month added 74,000 new payroll jobs, while the unemployment rate fell to 6.7 percent from 7.0 percent. Good news, right? Not really. Yes, the unemployment rate has fallen significantly from its high of 10 percent in October of 2009. But it turns out the unemployment rate has been falling for a pretty depressing reason: people dropping out of the labor force. Last month, 347,000 workers dropped out, effectively sending the message that it wasn’t even worth looking for work anymore. Here’s what the unemployment

      


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Reply 1 - Posted by: globalwarmer, 1/11/2014 4:24:01 AM     (No. 9687710)

Reporters are slowly catching on to the latest Democrat statistic trick.

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Reply 2 - Posted by: Spidey, 1/11/2014 5:22:26 AM     (No. 9687732)

There´s millions of idiots that take the unemployment rate at face value.They couldn´t care less about the real rate being 13% or labor participation rate going down.That´s all a foreign language to them.

I´m not a 100% convinced there´s a huge job scarcity,although there´s really not much expansion going on at all. I think a big chunk of labor dropouts are due to people figuring out other ways to survive. One way is simply staying home with the folks,the other is leeching off a woman who has some kind of income.

The male head of household is becoming outdated,so theer´s no compelling reason for people who used to fit that,finding a job.

But I really think the biggest reason for the dropout rate is people ducking pre-employment screenings. Obama more or less dropped them for federal employees,so maybe that´s why government hiring is outpacing private employment.We know TSA workers have criminal backgrounds.

Even with the huge labor surplus,I´ll bet if you ask employers,they´ll still say good help is hard to find.

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Reply 3 - Posted by: Trigger2, 1/11/2014 6:46:47 AM     (No. 9687778)

Demonrat summer recovery didn´t work, so now we´re seeing the results of demonrat winter recovery.

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Reply 4 - Posted by: franq, 1/11/2014 10:10:21 AM     (No. 9688062)

Unemployment rate falling? Not where I work. The Grim Reaper went through last Friday and the following Monday and wiped out at least 15 permanent jobs. Highly skilled, I should add.

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