Relevant:
- Nonfarm Payroll +120,000, Unemployment Rate Fell .1 to 8.2%, Record 87,897,000 "Not in Labor Force"
- The Low Unemployment Rate Is A Momentary Calm Before The Coming Economic Storm
- 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.
- Weak U.S. employment report dims prospect of Fed rate hike
- Records In Jobless Duration And People Who Want A Job As Civilian Labor Force Plunges
2011-10-07 — blogspot.com
Here comes Mish to rain on our parade (useful charts in this; the Employment Total in particular looks like it is arcing back in the wrong direction)... ``341,000 full-time jobs vanished this past month, replaced by part-time workers... For a change, the labor force actually rose today. This is a welcome sign. However, were it not for people dropping out of the labor force for the past two years, the unemployment rate would be well over 11%.''
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