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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 - 18:42 | 3414580 Cathartes Aura
Cathartes Aura's picture

actually, the ratio of male to female hours worked has stayed pretty much static, and the earnings gap (females make roughly 77% of what males earn for the same task).

Women in the Workforce (gov pdf.)

what has changed is that more females are getting bachelor's degrees (pages 9, 10), which are pretty much mandatory for anything but minimum waged p/t employment, and females in management positions, which show a notable rise since the 70's (page 11).

most likely this is where the anger comes from, as "management" traditionally provided the most jobs for the boys. 

Fri, 04/05/2013 - 17:37 | 3414395 ronaldawg
ronaldawg's picture

1979 was the closest thing we had next to the Great Depression (at that time) - Stagflation anyone?

Fri, 04/05/2013 - 09:25 | 3412186 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"The entire 1980's / 1990's boom has now come off."

And all we have to show for it is the DEBT.

Fri, 04/05/2013 - 09:34 | 3412248 DoneThis2Long
DoneThis2Long's picture

"We're back in the 19-fucking-70's"

Fan-fucking-tastic .... the music .... yessssss!!! Can't wait. Great times to be head..... (yeah right)

Fri, 04/05/2013 - 10:11 | 3412501 Crash Overide
Crash Overide's picture

NO MOAR JOBS!

Fri, 04/05/2013 - 19:35 | 3414756 Mad Cow
Mad Cow's picture

NOA MOAR JOABS!

Fri, 04/05/2013 - 10:56 | 3412764 NoDebt
NoDebt's picture

Yeah, but the old songs have new meaning when this much time has elapsed.  Take, for instance, Foghat: "Slow Ride".

"Slow ride..... take it easy....."

When you're 20 you KNOW what this means.  When you're 70 it literally means slow down, you're driving too fast and my diaper is slipping!

 

Fri, 04/05/2013 - 15:43 | 3413927 Calmyourself
Calmyourself's picture

Think of the gold we can hide in our elephant bell bottoms....  Of course Canada will build a fence to keep out the third worlders (Americans) soon.

Fri, 04/05/2013 - 17:37 | 3414396 ronaldawg
ronaldawg's picture

Bring Disco back PLEEEEEEEASE.......

Sat, 04/06/2013 - 01:36 | 3415550 Kickaha
Kickaha's picture

I just threw up in my mouth a little bit.

Fri, 04/05/2013 - 09:39 | 3412301 Clark Bent
Clark Bent's picture

And so the Carter-Obama years dovetail across the decades. Another Anti-Semitic, Islamist, socialist yields the same economic and dishonorable results. Rand Paul anyone? He could complete the circle by echoing Reagan. But could he succeed where Reagan failed? Destroy the Republican Progressive elite? 

Fri, 04/05/2013 - 10:32 | 3412624 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"But could he succeed where Reagan failed? Destroy the Republican Progressive elite? "

Only if he can avoid having a Bush or a Clinton as VP.

Fri, 04/05/2013 - 09:55 | 3412399 H E D G E H O G
H E D G E H O G's picture

"We're back in the 19-fucking-70's." I'd dig out some ole Bell-fucking- Bottom jeans, but i don't think i could squeeze my fat ass into 'em now! We'll all be doin some Disco in the soup line before this shit is over:)

Fri, 04/05/2013 - 10:48 | 3412713 MillionDollarBoner_
MillionDollarBoner_'s picture

bullish for big hair and cuban heels 

 

Fri, 04/05/2013 - 13:44 | 3413485 LFMayor
LFMayor's picture

Bullish for terrycloth fashion sets.

The 70s fucking sucked, I was there and I remember.  It was some cheesy, nasty shit in fashion, entertainment, TV, music, cars, home decor, economics. 

you name it, it was piss poor.  Except for Daisy Dukes legs.   And that, people, is what brought us out of the 70's at last.  That and Victoria Priciples awesome fun bags.  And maybe Charro.  That wasn't all bad.

Fri, 04/05/2013 - 21:21 | 3415111 mt paul
mt paul's picture

what about ether washed 

mother of pearl crystals

93 % pure...

 

the 70" were cool..

Fri, 04/05/2013 - 10:54 | 3412752 jekyll island
jekyll island's picture

Does that mean bell bottoms and platform shoes are coming back?

Fri, 04/05/2013 - 10:58 | 3412769 Tabarnaque
Tabarnaque's picture

Remember, 1979 was a good year. It is when Gold and Silver finally went parabolic... Being back to 1979 might not be such a bad thing after all. The goons at the Fed won't be able to keep it all together for much longer. There are cracks appearing everywhere. 

Fri, 04/05/2013 - 12:15 | 3413148 1100-TACTICAL-12
1100-TACTICAL-12's picture

Cue the Bee Gees...

Fri, 04/05/2013 - 14:04 | 3413555 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Bring back the music of the 70s!!

Fri, 04/05/2013 - 14:34 | 3413639 tiwimon
tiwimon's picture

Back in the 70's ?!?!?! 

 

Shyattttt - time to break out the Leisure Suits and disco balls bitchezz

Fri, 04/05/2013 - 18:13 | 3414481 Go Tribe
Go Tribe's picture

Pretty soon, it'll be 1973 and all our kids will be in Vietnam again.

Fri, 04/05/2013 - 09:22 | 3412150 Dr. Richard Head
Dr. Richard Head's picture

229 countries (Out of 242 recognized countries) have populations that are LESS than the people out of work in the US.  That is progress!!!

FUCKING PROGRESSIVES ARE IGNORANT TO UNDERSTANDING THE DESTRUCTIVE NATURE OF CENTRAL PLANNING AND CENTRAL ECONOMICS!!!  FUCK THE PROGRESSIVES (Economically speaking of course).

Fri, 04/05/2013 - 09:38 | 3412288 Jacque Itch
Jacque Itch's picture

They know EXACTLY what they're doing

Fri, 04/05/2013 - 10:03 | 3412367 Dr. Richard Head
Dr. Richard Head's picture

Dr. Paul "I Will Break Your Fucking Window" Krugman has just lamented that the printing of money is not the problem, rather unemployment is the problem.  I would say it is strange to see how this man refuses to see the connection of capital being created out of thin air suppresses capital going to more productive activities in our econmony.  The floating of non-productive corporate losers direclty correlates to unemployment.  Fuck off Mr. Krugman.  I will ad hominem attack you next.

Oh yeah, be careful now.  Drudge has linked to this article.  Server overload to hit in 3,2,1......

Fri, 04/05/2013 - 10:56 | 3412766 JimBowie1958
JimBowie1958's picture

I heard the other day that the only growth industries are dope, porn and prostitution.

Why do people have to keep bringing politics into discussions?

Fri, 04/05/2013 - 11:08 | 3412810 Kayman
Kayman's picture

"the only growth industries are dope, porn and prostitution."

I can see growth in supply but not in demand.  Only banksters have enough surplus income to snort coke and service hookers.

And I don't know about you, but after a while the novelty wears off of watching people fucking for money.

Fri, 04/05/2013 - 11:38 | 3412917 JimBowie1958
JimBowie1958's picture

It will merely involve a change in scope and scale for the poor or inured folks.

Drugs for the richman: cocaine.

Drugs for the poor man: stovetop.

Sex for the richman: pay for several young things to stay over night.

Sex for the poor man: a quick blow job in an alley downtown.

Porn for the newly single: watching a gigilo fuck a whore.

Porn for the innured perv: a woman being tortured and gang-banged while being simultaneously forced to orgasm repeatedly.

Nothing ever really changes in its nature, but only the scope and scale change.

When its reached its final progression Nature does a reset.

In theology this is called a 'Period of Divine Judgement'.

 

Fri, 04/05/2013 - 14:08 | 3413454 vulcanraven
vulcanraven's picture

There is zero growth for porn, it is a sunset industry. The internet drove a stake through the heart of the porn business, I honestly don't see how it could still be profitable.

Fri, 04/05/2013 - 15:51 | 3413957 Cathartes Aura
Cathartes Aura's picture

pornography has been with "civilisation" (ohhhahahahhahaha) since time began, there will always be a market for hard dicks.

they'll just continue to up the stakes, snuff 'n' torture, debase, degrade, use, abuse, younger victims, add new fancy "drugs" consumed, yeah, this can never go away, it just fascinates so. . .

Fri, 04/05/2013 - 11:00 | 3412779 Zero Debt
Zero Debt's picture

Fuck Krugman, Fuck Bernanke, end the Fucking Fed and put an immediate end to the nightmarish farce of unbacked credit ruining the entire world of its peace, prosperity, tranquility and intellectual progress.

Fri, 04/05/2013 - 09:39 | 3412291 resurger
resurger's picture

I have a solution for unemployment since am really smart ...

We can print jobs, and we will solve the problem...

Thanks for reading

lol

Fri, 04/05/2013 - 10:51 | 3412731 centerline
centerline's picture

Or create printing jobs!

Fri, 04/05/2013 - 09:21 | 3412161 mayhem_korner
mayhem_korner's picture

 

 

...but only 50 million of the 90 million are participating in the SNAP market.  That needs to grow moar faster.

Fri, 04/05/2013 - 10:09 | 3412493 jumbo maverick
jumbo maverick's picture

Remember for every $1 spent on SNAP it generates $2 into the economy.
It's government alchemy I say. It's a miracle!

Fri, 04/05/2013 - 10:19 | 3412547 Dr. Richard Head
Dr. Richard Head's picture

But they borrow over 40 cents of each of those dollars they spend, which then creates many dollars in compounbd interest.  Great fucking system!

Fri, 04/05/2013 - 10:43 | 3412678 autofixer
autofixer's picture

Mein Fuher, I can walk!  I can walk!

Fri, 04/05/2013 - 18:17 | 3414484 Go Tribe
Go Tribe's picture

He'll be back soon enough. Always just waiting in the wings for his chance on stage.

Fri, 04/05/2013 - 13:51 | 3413511 PKF
PKF's picture

Everyone is in JAIL....Incarcerated Welfare is not fun. Plus, look at 'productivity' and all of the jobs GONE via computers and automation, never mind all the jobs that the Rich White Boyz shipped overseas. I don't see this as surprising at all. All we have now are crappy Service Jobs...'Want fries w/ that?'

Fri, 04/05/2013 - 19:55 | 3414824 boogerbently
boogerbently's picture

88,000 "new jobs" in March.

385, 000 "initial unemployment claims" just last WEEK.

A 4 week avg. initial claims of 354,000/week.

That's 1.4 MILLION jobs lost in March (88,000 gained).

Unemployment goes DOWN???? From 7.7% to 7.6%???

 

Fri, 04/05/2013 - 09:13 | 3412088 smlbizman
smlbizman's picture

life was so much better in 79' than today......i cant wait till we get to the 60's.....

Fri, 04/05/2013 - 09:17 | 3412133 pods
pods's picture

Gonna get me a Cobra.  :)

pods

Fri, 04/05/2013 - 09:25 | 3412191 laomei
laomei's picture

As long as acid comes back everywhere it's all good.

Fri, 04/05/2013 - 09:38 | 3412287 fockewulf190
fockewulf190's picture

What makes you think it ever left?  Congress has been tripping for decades now.

Fri, 04/05/2013 - 09:58 | 3412410 H E D G E H O G
H E D G E H O G's picture

+1

Fri, 04/05/2013 - 13:16 | 3413394 laomei
laomei's picture

If Congress was tripping, there might actually be creative good things coming out of it.  Maybe they got the brown acid?

Fri, 04/05/2013 - 09:56 | 3412407 H E D G E H O G
H E D G E H O G's picture

+1

Fri, 04/05/2013 - 09:35 | 3412254 Miss Expectations
Miss Expectations's picture

How Much things cost in 1979
Yearly Inflation Rate USA11.2% Year End Close Dow Jones Industrial Average 838 Interest Rates Year End Federal Reserve 15.25% Average Cost of new house $58,100.00 Average Income per year $17,500.00 Average Monthly Rent $280.00 Cost of a gallon of Gas 86 cents

http://www.thepeoplehistory.com/1979.html

Fri, 04/05/2013 - 10:53 | 3412746 Zero Debt
Zero Debt's picture

Shadowstats..

Fri, 04/05/2013 - 09:37 | 3412267 DoneThis2Long
DoneThis2Long's picture

'79 ... had just sold my Bandit TransAM .... stick too .... :-)

Fri, 04/05/2013 - 10:54 | 3412747 Dr. Richard Head
Dr. Richard Head's picture

I was still suckling my mom's teet and shitting my diapers in 79. 

Fri, 04/05/2013 - 13:47 | 3413495 LFMayor
LFMayor's picture

 I was eating cambells fucking soup and watching Little House on the Prarie after doing my fucking gradeschool homework.  Why?  Because it was the only fucking thing on TV.  The other two channels had even worse shows on.

Fri, 04/05/2013 - 09:50 | 3412370 fuu
fuu's picture

Bring back the Quaaludes!

Fri, 04/05/2013 - 09:59 | 3412417 H E D G E H O G
H E D G E H O G's picture

+747 fuu da Man......................

Fri, 04/05/2013 - 09:59 | 3412419 Bearwagon
Fri, 04/05/2013 - 11:34 | 3412941 Bearwagon
Bearwagon's picture

Back to the 60ies? Oh, yeah, oh, yeah, please! I wanna hear that again:

http://www.youtube.com/watch?v=xNSsAZN2zYs

Sadly, Mike Hailwood won't be around this time, but I can live with that ...

Fri, 04/05/2013 - 09:46 | 3412345 rogeliokh
rogeliokh's picture

Here they come, PPT, knocking down GOLD

Fri, 04/05/2013 - 09:50 | 3412375 vernwvu
vernwvu's picture

I wonder what the real numbers look like... you know the ones in the White House shredders!

Fri, 04/05/2013 - 10:41 | 3412663 natronic
natronic's picture

I can see Krugman doing the Safety Dance

Fri, 04/05/2013 - 12:22 | 3413188 YuropeanImbecille
YuropeanImbecille's picture

Seriously what the hell do you expect with that massive 3rd world immigration?

Fri, 04/05/2013 - 09:06 | 3412039 Cursive
Cursive's picture

@malikai

Anything priced in USD will fall in relative value during a Depression.  If you want the value of gold, you have to hold physical.  Paper gold will fall in value during a Depression.

Fri, 04/05/2013 - 09:11 | 3412080 malikai
malikai's picture

I'm sorry to break it to you, but the price of politicians has not yet gone down. And frankly, it's really starting to piss me off.

Fri, 04/05/2013 - 09:15 | 3412109 Bearwagon
Bearwagon's picture

Could be that is just because you are not familiar enough with paying them in LEAD ...

Fri, 04/05/2013 - 09:26 | 3412194 King_Julian
King_Julian's picture

Unfortunately, the price of lead has gone up too.

Gunbot.net

Fri, 04/05/2013 - 09:17 | 3412135 Cursive
Cursive's picture

@malikai

I'm not sure there was any breaking news in your response.  The political class will always be with us, so it's best to deal with it.

Fri, 04/05/2013 - 09:09 | 3412062 Rusty Diggins
Rusty Diggins's picture

Yeah, now get back to work.

Fri, 04/05/2013 - 09:30 | 3412210 Croesus
Croesus's picture

@ Malikai

 

PREDICTION:

 

BITCOIN will be confiscated before GOLD will.

Fri, 04/05/2013 - 09:53 | 3412388 PeakOil
PeakOil's picture

Well, one can always try. And shut down the low-hanging fruit, like major bitcoin and bullion exchanges perhaps. But the vast majority of distributed private bitcoin or gold will not be confiscated. Also it is way way WAY easier to obfuscate and hide bitcoin than gold! Ever hear of steganography?

Fri, 04/05/2013 - 10:22 | 3412567 malikai
malikai's picture

Gold was being confiscated before fiat even existed. Let alone computers, or even BTC.

That race was won millenia ago.

Fri, 04/05/2013 - 11:01 | 3412786 JimBowie1958
JimBowie1958's picture

Bullshit.

I can print my wallet off onto a CD and put it away and take it back out when the governments are no longer trying to suppress the future.

The same criminals that use BTC today and that the governments cannot control will ensure that my hidden BTC will not become worthless.

Fri, 04/05/2013 - 12:19 | 3413161 dick cheneys ghost
dick cheneys ghost's picture

Good luck with that........

Fri, 04/05/2013 - 21:18 | 3415096 CaptainObvious
CaptainObvious's picture

All they have to do is outlaw it.  Then you will never take that CD out and it is therefore worthless.

Fri, 04/05/2013 - 13:32 | 3413440 world_debt_slave
world_debt_slave's picture

Yep, in 2007 the US gov stole my silver out of the NORFED warehouse and have not returned my property nor given any indication about them returning it from me, contacting the judge of the case and the AG.

Fri, 04/05/2013 - 13:33 | 3413450 Johnny Utah
Johnny Utah's picture

Below is the link to Federal Reserve Bulletin April 1933.
H/T Tom Woods...
80 year anniversary, horray.
The way the fed talks about Gold Hoarders
seems like a scene out of Atlas Shrugged.

http://fraser.stlouisfed.org/docs/publications/FRB/1930s/frb_041933.pdf

Sincerely,
Johnny Utah
Ohio State Buckeyes All-Conference, remember? Number 9

Fri, 04/05/2013 - 09:23 | 3412018 Pinto Currency
Pinto Currency's picture

dbl post removed

Fri, 04/05/2013 - 09:06 | 3412019 Cursive
Cursive's picture

@tarsubil

Your understandable sarcasm not without standing, the participation rate will continue to fall for years to come.

Fri, 04/05/2013 - 10:07 | 3412020 AssFire
AssFire's picture

Really, no need to visit a third world country anymore.

Forget the Americans with Disabilities Act-

Time for the Americans with No Abilities Act...

But let me expand this:

Last month:$85,000,000,000 in QE/88,000 jobs= $965,909 per job,

so 965,909x90,000,000 without jobs=$86,181,818,181,818. till full employment

at the current rate it is only 1022 months away! or 85 years.

Let me tell you now, QE is NOT about jobs.

Funny how that 86 trillion is the same as the total unfunded liability of the Goobermint- wow simple math.

Fri, 04/05/2013 - 13:03 | 3413354 FrozenOut
FrozenOut's picture

I will gladly do a different job for $965,909. Where do I apply?

Fri, 04/05/2013 - 09:06 | 3412024 SpiceMustFlow
SpiceMustFlow's picture

Fuck work, swipe yo EBT!

Fri, 04/05/2013 - 09:39 | 3412290 The Second Rule
Fri, 04/05/2013 - 19:54 | 3414821 HondaFullOfSilver
HondaFullOfSilver's picture

Its' free, swipe yo EBT..

http://www.youtube.com/watch?v=xLTTX35LNJo

Fri, 04/05/2013 - 09:10 | 3412066 Bangin7GramRocks
Bangin7GramRocks's picture

We just have to get those factories running again and the boys will build America back to greatness. Oh, wait! That's right, never mind.

Fri, 04/05/2013 - 10:41 | 3412668 ParkAveFlasher
ParkAveFlasher's picture

What's a "factory"?

Sounds like a cool app.

Fri, 04/05/2013 - 09:16 | 3412123 azzhatter
azzhatter's picture

I don't need no steenking job- Bathhouse Barry's got my back

Fri, 04/05/2013 - 09:31 | 3412219 The Second Rule
The Second Rule's picture

No jobs. No economy.

Fri, 04/05/2013 - 10:03 | 3412445 Constitution First
Constitution First's picture

That is a great wish to hold on to, but I fear I may never live to see that day.

There is a cancer in this nation today, it feeds on government dependency.

When that changes, so will the fate of the Republic.

Who is John Galt?

Fri, 04/05/2013 - 10:08 | 3412478 rbg81
rbg81's picture

Some of this is to be expected.  After all, the Baby Boomers ARE in retirement mode.

Fri, 04/05/2013 - 10:08 | 3412486 Constitution First
Constitution First's picture

When 50% the nation stops being dependent on government, our national cancer might go into remission.

In the mean time, I'm not holding my breath.

Who is John Galt?

Fri, 04/05/2013 - 11:06 | 3412797 JimBowie1958
JimBowie1958's picture

Eeventually that dependent population will start working rather than starve or the nation will break up becausse the federal government wont have the funds to keep paying states to stay part of the union.

Fri, 04/05/2013 - 13:49 | 3413498 LFMayor
LFMayor's picture

I don't know Jim, most of the ones I see would suffocate rather than work to breathe, they're lucky respiration comes naturally.

Fri, 04/05/2013 - 10:10 | 3412496 Groundhog Day
Groundhog Day's picture

And dont forget all those people who are now self employed or "freelancers".  When the guberment adds them back in the unemployment rate might go down to 6.51%, just shy of the 6.5 needed by ben shalom to cut the morphine drip.  DAMN we were so close

Fri, 04/05/2013 - 10:43 | 3412680 THECOMINGDEPRESSION
THECOMINGDEPRESSION's picture

A CANADIAN analyst states the US is booming..His name is Garth Turner the man of disinformation. Another Krugman

Fri, 04/05/2013 - 11:22 | 3412889 Bangin7GramRocks
Bangin7GramRocks's picture

Party on Garth!

Fri, 04/05/2013 - 11:15 | 3412831 Son of Loki
Son of Loki's picture

Yes, but despite all the grim news, everything is good right?

 

I mean despite no jobs, stagnant wages, soaring food prices, soaring food stamps and EBT'ers, millions of underwater home owners and millions of shadow inventory.... and so on...despite all this the rumor is, "the economic recovery is on track" they said on TV this morning.

Fri, 04/05/2013 - 12:25 | 3413199 natronic
natronic's picture

I just bought fannie mae because the pumping is going to continue.  And Rush Limbaugh just mentioned this article on his show.

Fri, 04/05/2013 - 09:02 | 3411986 backhandtopspin...
backhandtopspinslicer's picture

How do I get invite to this cool central planning party??!!!!

Fri, 04/05/2013 - 09:10 | 3412068 mayhem_korner
mayhem_korner's picture

 

 

Polish yer stinger watching CNBC in full view of a drone.

Fri, 04/05/2013 - 09:01 | 3411987 TeamDepends
TeamDepends's picture

Pretty soon they will count being unemployed as having a job.

Fri, 04/05/2013 - 09:06 | 3412038 AssFire
AssFire's picture

The people working for the Federal Gov. don't realize they are on welfare and the people on welfare think it's a job.

Fri, 04/05/2013 - 09:40 | 3412280 Beam Me Up Scotty
Beam Me Up Scotty's picture

Hey now AssFire, counting TURDS is IMPORTANT!!  Since most .gov jobs are little more than turd counters.

Fri, 04/05/2013 - 11:09 | 3412816 JimBowie1958
JimBowie1958's picture

The vastmajority of federal workers are good people, hard working and idealistic.

The ones who are not so honest tend to go higher up the management ladder for some reason.

The federal government has done a lot to improve all our lives.

But it was  not done under socialist policies or a dictatorship.

Fri, 04/05/2013 - 19:49 | 3414805 Mad Cow
Mad Cow's picture

WTF?

Fri, 04/05/2013 - 09:34 | 3412250 pods
pods's picture

Fuck I am gonna sign up for twitter just to send that one out!

Like Guinness.

BRILLIANT!

pods

Fri, 04/05/2013 - 09:04 | 3411990 mayhem_korner
mayhem_korner's picture

 

 

Seems the unemployed people printer is keeping pace with Ben's fiat-o-matic.

(maybe Ben had his signs wrong on the money-jobs correlation...)

Fri, 04/05/2013 - 09:03 | 3411996 I am more equal...
I am more equal than others's picture

Hope and Change.

Mister can you spare some change?

There is no hope for you - fucking bum!

Fri, 04/05/2013 - 09:04 | 3412000 Cursive
Cursive's picture

Thank you BernanQE!  If the elites wanted us to go back to the Stone Age, a simple Soviet-style decree would have been much more efficient.

Fri, 04/05/2013 - 09:05 | 3412009 mayhem_korner
mayhem_korner's picture

 

 

They're test-marketing the Cypriot decrees for now.  Soviet decrees are in the bullpen keeping powder dry.

Fri, 04/05/2013 - 09:03 | 3412004 Jason T
Jason T's picture

employment to pop dropped to 58.5% .. from 58.6% last month

 

recession coming bitchez.. .and productivity growth is crap so there goes your REAL GDP growth.

Fri, 04/05/2013 - 09:08 | 3412045 mayhem_korner
mayhem_korner's picture

recession coming

 

Umm...

...recession continuing? 

...depression metastacizing into all out social break-down?

...global financial train-wreck moving to Inception level 3?

...four deja vu black cats just spotted in the CB Matrix?

...main economic stimulus is folks expanding their personal ammo dumps?

Fri, 04/05/2013 - 09:03 | 3412006 jpc578
jpc578's picture

This is becoming a joke. How can anyone think with a collapsing participation rate that the economy is anything but terrible?

Fri, 04/05/2013 - 09:07 | 3412033 Super Broccoli
Super Broccoli's picture

well MSM and Homie Pres. tells them we're recovering ...

Fri, 04/05/2013 - 09:27 | 3412206 Ms. Erable
Ms. Erable's picture

Green shoots, bitchez.

Fri, 04/05/2013 - 09:08 | 3412051 Mike in GA
Mike in GA's picture

Yeah, the slow-motion implosion is gathering steam. Reality is protruding into the party line's cognitive dissonance.

Fri, 04/05/2013 - 09:35 | 3412246 eclectic syncretist
eclectic syncretist's picture

Well, they could always just lie bigger.  Reality doesn't seem to be much of a concern for our sociopathic leaders.

Fri, 04/05/2013 - 09:17 | 3412129 Bearwagon
Bearwagon's picture

Becoming? Uh? This has been a joke for such a long time ... even I can't remember ... and I am very old in that respect ...

Fri, 04/05/2013 - 09:26 | 3412197 jpc578
jpc578's picture

True.

Fri, 04/05/2013 - 09:34 | 3412239 More_sellers_th...
More_sellers_than_buyers's picture

Makes perfect sense.  Tell everyone its getting better, and the only people who know the truth are the producers in the economy. Well there is not enough of them to give a fuck a bout.  Everyone on the dole says look, its getting better because there life doent change and that is what they hear.  And the liberal fucker who works for NPR, or the FEMA or FDA or anything else where they dont give a fuck doesnt understand why the other side cries bullshit.

 

Fri, 04/05/2013 - 09:04 | 3412007 Super Broccoli
Super Broccoli's picture

it's about time for something to blow up so that we can blame it on the North Koreans

Fri, 04/05/2013 - 09:04 | 3412010 Smuckers
Smuckers's picture

Long bingo halls and scratch tickets.

Fri, 04/05/2013 - 09:04 | 3412012 bnbdnb
bnbdnb's picture

Population
2003 219897k
Today 244995k

= +25098k

Workforce
2003 145301k
Today 154512K

= +9211k

Anyone notice the issue here?

Fri, 04/05/2013 - 09:08 | 3412042 Super Broccoli
Super Broccoli's picture

newborns maybe ?

Fri, 04/05/2013 - 09:21 | 3412158 SWCroaker
SWCroaker's picture

Big numbers make my head hurt.      Back to da TV...

Fri, 04/05/2013 - 09:35 | 3412258 hardcleareye
hardcleareye's picture

Where did you get those numbers?    lol

(I will now have Steely Dan's song "where did you get those shoes" Pretzel Logic going through my head for the rest of the day.....http://www.youtube.com/watch?v=Xaw0oDqDFlY)

 

2013 315 Million

2003 291 Million

 

http://www.commerce.gov/blog/2012/12/28/census-bureau-projects-us-popula...

Fri, 04/05/2013 - 10:21 | 3412559 Burnbright
Burnbright's picture

Yeah looks like about only 1/3 of the incoming population was added to the work force

Fri, 04/05/2013 - 09:05 | 3412013 maneco
maneco's picture

Classic head & shoulder formation on the Labor Force Participation chart!

Fri, 04/05/2013 - 09:22 | 3412171 hardcleareye
hardcleareye's picture

I noted that too...  anybody got a theory on that?

Fri, 04/05/2013 - 09:08 | 3412014 buzzsaw99
buzzsaw99's picture

Yer young and you got yer health. What do you want with a job?" [/Evelle Snoats]

Fri, 04/05/2013 - 09:04 | 3412017 backhandtopspin...
backhandtopspinslicer's picture

In 1979 I had a cool paper route. Now I do not. Thanks a lot for that jobs program obama-mama

Fri, 04/05/2013 - 09:05 | 3412021 Peter K
Peter K's picture

Obamanomics bitchezzzz.

 

They figured out how to make Socialism work this time around. :)  NOT

Fri, 04/05/2013 - 09:25 | 3412193 kridkrid
kridkrid's picture

Don't be pawns.  Resist your instinct to be corralled into a political camp.  Obama is a puppet in a system that would gladly swap him out for a puppet from the other party.  To think otherwise is to be part of the problem.

Fri, 04/05/2013 - 09:50 | 3412376 Alpha Monkey
Alpha Monkey's picture

It doesn't seem to matter how many times that's mentioned here.

Fri, 04/05/2013 - 09:06 | 3412022 agent default
agent default's picture

Does this mean that the scheduled COMEX raid program will be put on hold for a few days?

Fri, 04/05/2013 - 09:05 | 3412025 CheapBastard
CheapBastard's picture

Long EBT, Food Stamps, Section 8's and free cell phones.

Fri, 04/05/2013 - 09:06 | 3412030 mademesmile
mademesmile's picture

I guess today is the day the govt statistics start reflecting reality.

Fri, 04/05/2013 - 09:20 | 3412155 hardcleareye
hardcleareye's picture

Yeah, it's going to be all the fault of sequestering.....  get the goats ready for slaughter...

Fri, 04/05/2013 - 09:36 | 3412262 catacl1sm
catacl1sm's picture

I'd like a shank, please.

Fri, 04/05/2013 - 09:05 | 3412034 JustObserving
JustObserving's picture

American exceptionalism - why work when you can print your way to prosperity?

Fri, 04/05/2013 - 09:19 | 3412147 hardcleareye
hardcleareye's picture

Japanese exceptionalism.....  why work when you can print your way to prosperity?

(fixed that for ya....)

"the BoJ is monetizing at a rate around 75% of the Fed on an economy that is one-third the size of the US!"  Bass

Fri, 04/05/2013 - 09:27 | 3412204 kridkrid
kridkrid's picture

Central Bank exceptionalism.  (fixed that for ya...)

Fri, 04/05/2013 - 09:38 | 3412268 hardcleareye
hardcleareye's picture

lol

Fri, 04/05/2013 - 09:07 | 3412043 deerhunter
deerhunter's picture

Is 305.00 for a 10oz San Fran mint silver bar  a good price???

Fri, 04/05/2013 - 09:10 | 3412072 maneco
maneco's picture

Seems like a bargain to me!!!

Fri, 04/05/2013 - 09:12 | 3412090 digalert
digalert's picture

See a dealer comparison here:

https://comparesilverprices.com/

Fri, 04/05/2013 - 10:14 | 3412518 MilleniumJane
MilleniumJane's picture

Thanks for the link!  This will come in handy.

Fri, 04/05/2013 - 09:12 | 3412096 mayhem_korner
mayhem_korner's picture

 

 

Wrong question.  What would you SPEND 305 on today that would be more valuable to you than STORING the purchasing power of 305 fiats.

Fri, 04/05/2013 - 09:08 | 3412044 Smuckers
Smuckers's picture

Saying this is in recovery, is like pointing to a corpse that just farted.

Fri, 04/05/2013 - 09:19 | 3412152 Prisoners_dilemna
Prisoners_dilemna's picture

Trololololo
My family now thinks Im insane because of my outburst of giggling that still hasmt stopped.

Fri, 04/05/2013 - 09:07 | 3412046 deerhunter
deerhunter's picture

Haven't bought bars before not sure on % over spot normal pricing in the business.

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