Relevant:
- Nonfarm Payroll +120,000, Unemployment Rate Fell .1 to 8.2%, Record 87,897,000 "Not in Labor Force"
- Records In Jobless Duration And People Who Want A Job As Civilian Labor Force Plunges
- Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low
- Nonfarm Payroll +120,000, Unemployment Rate Fell .1 to 8.2%; Record 87,897,000 "Not in Labor Force"
- Disappearing US labor force and goodbye to retirement -- Adding 146,000 jobs while 542,000 drop out of the labor force. Understanding the changes in the unemployment rate.
2011-02-04 — zerohedge.com
"Probably the last chart to bury any doubt about just how truly horrible today's employment data was, comes from a little observed data metric: that showing the number of people who are not in the labor force, but who want a job now. The number just hit 6,643K, a jump of 431K from December, and the highest number in history. These are people that would send the unemployment rate to about 12.8% if they were in the labor force (and, as indicated, looking for a job). Nothing else needs to be said."
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