How to reduce unemployment USA style
Getting people back into work?
No. Reduce the workworce participation number to it's
lowest level in 30 years. I.e. make workers
disappear!
Last month 1.2 million people dropped out of the labor
force! Now almost half of the unemployed in America, are not
technically unemployed thanks to the good work from the boffins
that made this and the BLS Brith/Death model.
See
Record 1.2 Million People Fall Out Of Labor Force In One Month,
Labor Force Participation Rate Tumbles To Fresh 30 Year Low
from Zerhohedge.
Further analysis from
Mike Shedlock key points:
- In the last year, the civilian population rose by 3,565,000.
Yet the labor force only rose by 1,145,000. Those not in the labor force rose by
2,420,000.
- Were it not for people dropping out of the labor force, the
unemployment rate would be well over 11%.
Credulous media tout this as a success story.