Labor Force Participation Rate Remains At 25 Year Low 64.2%, Birth/Death Adjustment: +112,000

Tyler Durden's picture

Wonder why the unemployment rate is at an artificially low 8.9%? Three simple words: Labor Force Participation. At 64.2%, it was unchanged from last month, and continues to be at a 25 year low. Should the LFP return to its 25 trendline average of 66.1%, the unemployment rate would be 11.6%. And indicatively, the Birth/Death adjustment was +112,000.

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NOTW777's picture

why participate when you can get a gov handout and spend time at protests

bankrupt JPM buy silver's picture

Bens mandate is price stabilization and unemployment.  I guess we need some some more QE to solve this.  ANd incase anyone is keeping tabs, the recession ended 20 months.  Yup thats a 20.

 

www.silvergoldsilver.blogspot.com

financeguru500's picture

Well I think they have implemented a new unemployment statistic. I call it the chinese labor statistic.

Basically, it goes like this.

If you are unemployed because your job got outsourced, you are not counted as officially unemployed. That is because someone in another country is doing the job for cheaper which helps out the main company here in the U.S. who is paying the employee wages. It's Win Win.

Oh regional Indian's picture

More like Kling-on?

But I don't quite understand this joblessness in the US. Everyday, in my inbox, I get offers to become:

1) A mystery shopper

2) An turn-key Internet millionaire

3) An ad-words rich-guy

4) A messenger 

5) My favourite: A cannot miss, scalping Forex trader

And that is just the tip of the Job-berg, of which I'm told only 5% is visible.

Which means there are thousands of invisible jobs too. 

Let's not hear any more of this joblessness business. The internet has jobs for one and all.

My e-mail told me so.

Oh, there was this personal shopper thing that really caught my attention too. Really, jobs is dying, jobs are not dead yet.

ORI

http://aadivaahan.wordpress.com/2011/03/01/on-outsourcing-and-its-ills/

 

bb5's picture

and Gaddafi is paying $2,000 a day for mercenaries

Oh regional Indian's picture

There you go. Blood money, flowing fast and free.

ORI

EscapeKey's picture

My arse that's Ben's real mandate.

The Federal Reserve is a bailout machine. Their taken actions occasionally favour the populace, but always the big banks.

SheepDog-One's picture

FED mandate- 'Print money, hand to central banks'

MiddleMeThis's picture

Shhhhhh, that's a secret.  Don't let the sheeple know!

NOTW777's picture

we have unemployment at probably 15-20%, record food stamp participation, a dead economy for the middle class, record foreclosures and falling home prices, increasing government regulation and intrusion, $4-5 gas and,

the clowns on the left and in MSM are dancing around and telling lies like we are in the best of times

TeamAmerica's picture

I haven't noted anyone on the left declaring these as good times.  Please let us know where this is dance is being held (I'll bet Charlie Sheen is behind this somehow).

ft.knox.gold's picture

the dept. of truth is lying again...wow

Spirit Of Truth's picture

Their motto is, "What's reality got to do with it?"

docj's picture

Nah - just The Bureau of Making Shit Up doing The Lord's work again.

Oh regional Indian's picture

You mean the BuMSU doing TLW?

FTW?

I like it.

ORI

slow_roast's picture

Welfare bitchez!

silvertrain's picture

 Physcological shit right there...

BTW, Back in the good ole days we could count on a pm beatdown on nfp Fridays, update:the script has been flipped as Gold and Silver move on up...

jus_lite_reading's picture

Always remember, when all else fails, use Psyops. 8.9% is a significant number because it is below that magic 9%. Of course their only weapon now is Psyops which also means their end is near. We should be happy!

TeamAmerica's picture

That's just lame...you completely misunderstand what psyops are all about - but that's off-topic.

The real point is that "they" actually believe these numbers.   It's not that they are making stuff up to manipulate anything, it's that they just don't know.   Much worse IMHO.

Cortez's picture

I agree that they believe their numbers.  They are like trained pilots who never would second guess the instrument gauges.  But unlike an airplane's gauges, economic numbers aren't based on hard science.

101 years and counting's picture

head and shoulders labor participation rate.  can we trade this?  surely there has to be some derivative of a derivative of a synthetic product we can trade.

can GS tell us the target participation?  60%, 50%? 

BKbroiler's picture

I'm not sure I'd want to participate in something called a "labor market".  sounds like hard work.

alien-IQ's picture

"labor market"..."slave auction"....same shit, different era.

Shocker's picture

Well be sure to jump in before it is too late :-( . I would hate for you to miss out on this Recovering labor market

http://www.dailyjobcuts.com

EscapeKey's picture

And indicatively, the Birth/Death adjustment was +112,000.

Ah, see, there's the problem. If it had been +150,000, the expectations would have been beaten.

John Law Lives's picture

The good ole Birth/Death adjustment saves the day.  Maybe they will come up with a Wealth/Poverty adjustment and arbitrarily declare there is a surge in the number of wealthy Americans... just to make us all feel good.

SpeakerFTD's picture

Is the correlation between the above chart and the food stamp participation chart -100%?   Sure seems like it.  

gimli's picture

Don't worry --- as soon as we go to war in the Middle East, our armed forces will go on a major hiring spree and spend big on Madison Ave. advertising.

alien-IQ's picture

oddly enough...military enrollment is counted as jobs gained...however, if I'm not mistaken...when they leave the military it is not counted as jobs lost.

Cognitive Dissonance's picture

God bless all those young adults humping their heads off 10 months ago so we could add 112,000 more births than deaths last month. The fertile generation.

What's that you say.......that's not what the birth/death adjustment means? Well...what the hell else could it mean?

/sarcasm

godzila's picture

Still although the overall numbers are clearly underestimated there has been a slight improvement !?

Temporalist's picture

Birth/Death adjustment.  "The horror.  The horror."

http://www.youtube.com/watch?v=aNUr__-VZeQ

mynhair's picture

The Wealth Effect is working:  more people feel able to retire early, and do so.

Cortez's picture

The labor force participation rate would be another 8.4% lower if the porn industry were outlawed.

SpeakerFTD's picture

Average length of employment would also be severely reduced.

hedgeless_horseman's picture

...while "average length of unemployed" would surely increase.

jus_lite_reading's picture

At this rate, we'll see 4% unemployment by summer...

Of course, we'll also have 65 million Americans on food stamps...

Agent P's picture

Nothing like using those who have lost hope to improve the statistic in order to give others hope.

I don't know if that's ironic, or just plain fucked up.

AN0NYM0US's picture
Aging Baby Boomers Reduce U.S. Unemployment Rate, Matus Says: Tom Keene

http://www.bloomberg.com/news/2011-02-07/aging-baby-boomers-reduce-u-s-u...

Milton Waddams's picture

Coming soon to a Sunday morning talk show near you .. eight point nine, not nine, EIGHT point nine. Propaganda is srs bsns.

wherewasi's picture

 

Obviously we need more death to help the numbers.  Maybe Obamacare will get us there...

Twindrives's picture

Obama would like to see a few more whitey's dead, gone, and in the ground, yes.

buzzsaw99's picture

So the 43M on food stamps are all "working poor"? How depressing, work at WalFart and so poor I'm eating gubbermint cheese yet counted as employed. THAT'S AMERICA BAYBEE!

topcallingtroll's picture

The vast majority I see on food stamps are welfare moms and people on SSI or SSD.

Cognitive Dissonance's picture

How would you possibly know this? Do you go up to them in the checkout line and ask or do you financially profile?

Try saying something believable.