People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels

Tyler Durden's picture




 

Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."

People not in labor force:

Labor participation rate:

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Fri, 04/05/2013 - 09:01 | 3411974 tarsubil
tarsubil's picture

Just think how high stocks will go once people start working again!

Fri, 04/05/2013 - 09:04 | 3412016 malikai
malikai's picture

Happy gold confiscation day, slaves!

Rejoice!

Fri, 04/05/2013 - 09:05 | 3412023 Pinto Currency
Pinto Currency's picture

These numbers are proof of the Fed's success because it could have been so much worse.

Krugman breaks out into spontaneous Ukrainian folk dance routine on his desk.

Fri, 04/05/2013 - 09:09 | 3412055 oleander garch
oleander garch's picture

No.  You miss it.  This is perfect.  We are all living in Krugman's new Keynsian paradise. 

Fri, 04/05/2013 - 09:12 | 3412084 Shocker
Shocker's picture

90 Million, really???? How do you even comment on that type of number.

Repost because its important times

http://www.dailyjobcuts.com

Fri, 04/05/2013 - 09:14 | 3412104 Popo
Popo's picture

How do you even comment on "1979 levels".   Next stop:  1978.    

Can I get a "holy shit"?   The entire 1980's / 1990's boom has now come off.   We're back in the 19-fucking-70's.

Oh yeah... it's all good.

Fri, 04/05/2013 - 09:17 | 3412125 CH1
CH1's picture

How do you even comment on "1979 levels".

There is one way: That was before women were fully involved in the workplace. Lots of room for comment there.

Fri, 04/05/2013 - 09:16 | 3412131 Pinto Currency
Pinto Currency's picture

A wicked looking head and shoulders.

A long way to fall.

http://research.stlouisfed.org/fred2/series/CIVPART/

Fri, 04/05/2013 - 09:30 | 3412223 gmrpeabody
gmrpeabody's picture

Cramer says it's seasonal..... LOLs

Fri, 04/05/2013 - 09:33 | 3412233 GetZeeGold
GetZeeGold's picture

 

 

Just drink your damn Koolaid kids.

Fri, 04/05/2013 - 09:41 | 3412303 camaro68ss
camaro68ss's picture

Main headline on drudge! Good job ZH

Wake the sheeple up!

Fri, 04/05/2013 - 09:48 | 3412350 New England Patriot
New England Patriot's picture

The social safety net has turned into a hammock.

Fri, 04/05/2013 - 09:56 | 3412403 Bearwagon
Bearwagon's picture

Yeah! With a giant hole at the place where your ass should rest ...

Fri, 04/05/2013 - 10:17 | 3412541 redpill
redpill's picture

This is good news!  Now all these people who gave up looking for jobs have more time to spend flipping real estate!

Fri, 04/05/2013 - 10:19 | 3412550 pods
pods's picture

There has never been a better time to............

pods

Fri, 04/05/2013 - 10:29 | 3412614 ParkAveFlasher
ParkAveFlasher's picture

...buy gold.

Fri, 04/05/2013 - 10:45 | 3412676 Badabing
Badabing's picture

...get a free phone.

Fri, 04/05/2013 - 10:55 | 3412753 nope-1004
nope-1004's picture

..... quit work and suck off the state.

Fri, 04/05/2013 - 11:19 | 3412875 King_of_simpletons
King_of_simpletons's picture

Is there an online course on how to suck the gubmint dry by getting on welfare and disability ? I would like to take it.

Fri, 04/05/2013 - 11:28 | 3412918 bobola
bobola's picture

Where is Dr. Paul Krugman today?

Didn't he say more people are working now?

The bastage.

Fri, 04/05/2013 - 11:59 | 3413079 Spirit Of Truth
Fri, 04/05/2013 - 16:54 | 3414249 Pinto Currency
Pinto Currency's picture

Here are two links.

Jim Rogers warning today the gov will take your retirement funds and George Carlin warning of the same years ago:

Jim Rogers :

http://bullmarketthinking.com/jim-rogers-i-suspect-theyll-take-the-pension-plans-next-i-for-one-am-worried-and-im-taking-preparations/

George Carlin :

https://www.youtube.com/watch?v=ALlzClE67os

Fri, 04/05/2013 - 12:41 | 3413273 breakyoself
breakyoself's picture

He'll return when data is in his favor.

Fri, 04/05/2013 - 12:36 | 3413252 IrritableBowels
IrritableBowels's picture

King,

If there is, make sure you apply for a Pell Grant!

Fri, 04/05/2013 - 13:11 | 3413380 Arisu
Arisu's picture

There's a book similar to what you're looking for on Amazon: http://www.amazon.com/dp/B00AZ8HDCA

Fri, 04/05/2013 - 12:35 | 3413245 lolmao500
lolmao500's picture

The more people suck off the state, the faster this whole biatch collapses. So I say go for it.

Fri, 04/05/2013 - 21:36 | 3415166 TrulyBelieving
TrulyBelieving's picture

Your sediment is understood, but not shared. Why give the enemy of Liberty the satisfaction of knowing you were willing to go along too? Stand against them, and you will gain the satisfaction.

Sun, 04/07/2013 - 13:38 | 3418755 Magically Delicious
Magically Delicious's picture

I admire your fortitude, but why stand in front of a moving train?

Fri, 04/05/2013 - 12:15 | 3413146 Bad Attitude
Bad Attitude's picture

Buy ammo...

Forward (over the cliff)!

Fri, 04/05/2013 - 14:35 | 3413653 Bananamerican
Bananamerican's picture

can't. sold out

Fri, 04/05/2013 - 11:57 | 3413077 prains
prains's picture

....sharpen my pitchfork

Fri, 04/05/2013 - 11:16 | 3412860 Chump
Chump's picture

And now on top of that we can learn about 4 football players who are going to announce their sexual preference...possibly ON THE SAME DAY!  I like drudge but seriously, who fucking cares??

Fri, 04/05/2013 - 11:43 | 3412981 CunnyFunt
CunnyFunt's picture

Right. I figure that the top .gov/msm evening news stories will be gun control and gay weddings.

Fri, 04/05/2013 - 14:05 | 3413467 Pinto Currency
Pinto Currency's picture

The Obama admin is worried about Drudge.

What's the worry about Drudge?

http://www.infowars.com/white-house-senior-advisor-scolds-the-drudge-rep...

Fri, 04/05/2013 - 13:23 | 3413413 IdiocracyIsAlre...
IdiocracyIsAlreadyHere's picture

You like Drudge...seriously??  You don't see him for this disinfo propaganda hack he is because he supports "Team Red" and not "Team Blue"?  Wow.

Fri, 04/05/2013 - 13:26 | 3413423 redpill
redpill's picture

The disinfo is easy enough to recognize.  However, the guy does tend to get shit up faster than most everywhere else, and for that I find his site worth visiting.

Fri, 04/05/2013 - 15:26 | 3413846 IdiocracyIsAlre...
IdiocracyIsAlreadyHere's picture

Which is fine if you are able to keep you BS detector on at all times.  Worthwhile information can be found in unlikely places sometimes.

Fri, 04/05/2013 - 17:17 | 3414328 schnydz
schnydz's picture

Dude, do you realize Drudge is a news aggregator. He simply links to news posts. It can be from NYT WSJ or Foxnews. It don't matter. 

Fri, 04/05/2013 - 18:27 | 3414518 Chump
Chump's picture

Believe it or not, I'm able to discern information from bullshit.  I appreciate the concern though.

Fri, 04/05/2013 - 10:13 | 3412504 El Oregonian
El Oregonian's picture

Did dufus say seasonal or reasonable? Either way we're screwed...

Fri, 04/05/2013 - 10:56 | 3412757 Pairadimes
Pairadimes's picture

All I can say is that I hope the last mother fucker to have a job will be making 14 trillion a year or we are truly boned.

Fri, 04/05/2013 - 14:29 | 3413625 A82EBA
A82EBA's picture

+100

Fri, 04/05/2013 - 14:14 | 3413581 Kirk2NCC1701
Kirk2NCC1701's picture

I'm surprised that Cramer/Krugman haven't stated that the participation rate is going down because (a) QE is making more Wall St more millionaires, or (b) More boomers are retiring.  If they haven't, they will. 

When things go Boom, 99% of Boomers will be retired. /s

Fri, 04/05/2013 - 16:06 | 3414020 Panafrican Funk...
Panafrican Funktron Robot's picture

Boomers retiring really is a big chunk of this.  This is actually bad news though, because these people aren't going back to work under any circumstances apart from imminent starvation.  In other words, the labor participation rate will necessarily continue to fall.  Good luck paying for SS/Mcare.

Fri, 04/05/2013 - 09:38 | 3412260 Jacque Itch
Jacque Itch's picture

This is EXACTLY what the Dems want.  Kill jobs, Americans get lazy, rely on the govt, blame the sequester, re-election.  Textbook.  The lefties are smiling in DC, bitchez.

Fri, 04/05/2013 - 09:43 | 3412325 spankthebernank
spankthebernank's picture

democrat-republican? Wake uuuupppp!

Fri, 04/05/2013 - 09:45 | 3412334 Clark Bent
Clark Bent's picture

switch from paychecks to "benefits," complete the fascist crony takeover of "the means of production" and all will be hunky-dory. It has worked so well before. Arbeit Mach Frei fellow citoyens!

Fri, 04/05/2013 - 09:57 | 3412416 kliguy38
kliguy38's picture

Dems????? Soooooo 20th century... Seriously you need to try and use your computer to educate yourself......Dems and Reps are the SAME operatives for the bankers.....and they own YOU!...if you haven't figured it out by now then you are ineducablel.

Fri, 04/05/2013 - 10:24 | 3412586 Jacque Itch
Jacque Itch's picture

Gimme some credit.  I know how it works kiddies.  But the sheeple don't and Washington sure doesn't.  Anybody with their eyes open to reality is still in a very small minority.

Fri, 04/05/2013 - 13:09 | 3413086 prains
prains's picture

you're wasting space

 

 

literally

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