• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

Labor Participation Rate Drops To Fresh 38 Year Low; Record 92.9 Million Americans Not In Labor Force

Tyler Durden's picture




 

Another month, another attempt by the BLS to mask the collapse in the US labor force with a goalseeked seasonally-adjusted surge in waiter, bartender and other low-paying jobs. Case in point: after a modest rebound by 0.1% in November, the labor participation rate just slid once more, dropping to 62.7%, or the lowest print since December 1977. This happened because the number of Americans not in the labor forced soared by 451,000 in December, far outpacing the 111,000 jobs added according to the Household Survey, and is the primary reason why the number of uenmployed Americans dropped by 383,000.

 

And another chart that will not be mentioned anywhere: the Civilian Employment to Population Ratio: at 59.2%, it is now unchanged for 4 months in a row.

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Fri, 01/09/2015 - 09:53 | 5641157 Shocker
Shocker's picture

Just another day in this Recovery

Layoff / Closing List: http://www.dailyjobcuts.com
-

Fri, 01/09/2015 - 09:56 | 5641167 JohnnyHenriksen
JohnnyHenriksen's picture

Fuckin' GREENSHOOTS bitchez!

https://www.youtube.com/watch?v=IGYaFMFU63U

Fri, 01/09/2015 - 10:03 | 5641211 Pool Shark
Pool Shark's picture

 

 

So let me get this straight: A smaller percentage of the population is working, and they're making less money.

What could go wrong?...

 

Fri, 01/09/2015 - 10:22 | 5641284 Dr. Engali
Dr. Engali's picture

Complete and total financial collapse..... Oh wait... you asked what could go wrong. 

Fri, 01/09/2015 - 10:34 | 5641350 knukles
knukles's picture

They decide that everybody should have at least 2 years of community college educaiton because we don't have enough PhD's flipping burgers?

Fri, 01/09/2015 - 11:10 | 5641555 eclectic syncretist
eclectic syncretist's picture

Seems like a good time to look back at the last time we had a "green shoots" economy.

https://www.youtube.com/watch?v=Y7ZN2F_7K7U

Fri, 01/09/2015 - 11:50 | 5641771 PrayingMantis
PrayingMantis's picture

... lol ... that guy with a baseball bat reminds me of the saying ... "it's true you could make lemonade but if life dealt you melons, you could be dyslexic ... :)

Fri, 01/09/2015 - 11:31 | 5641658 ersatz007
ersatz007's picture

I think you mean *too many* PhDs flipping burgers.  At least if you went to CC, for free, you won't feel you wasted any money if you end up flipping burgers.  Whereas if we have too many people with advanced degrees flipping burgers it's a tell-tale sign something is seriously F'd up with our economy.  And the gov doesn't want the people figuring that out.  

So what better than a distraction to make it look like they're doing something productive.  Not that I have anything against CC - in fact, it's a place to figure out what you really want to study without blowing a lot of dough.  And sometimes the teachers in CC have a lot more real-world experience than tenured professors in 4-year colleges who have been insulated from the school of hard knocks.

Really what we all need to learn is how to assist the robots in making all of our jobs go away - because that's what the future holds.   

Fri, 01/09/2015 - 11:39 | 5641706 fredquimby
fredquimby's picture

Really what we all need to learn is how to assist the robots in making all of our jobs go away - because that's what the future holds.

Full unempoyment should be a Government's/countries only aim/job!

Fri, 01/09/2015 - 11:42 | 5641721 Uchtdorf
Uchtdorf's picture

Quick! Somebody get Marc Chandler (AKA Marc to Market on ZH) of Brown Brothers Harriman on the line and have him remind us how strong the USD is and how great our recovery truly is. Help us, Marc. You're our only hope.

Fri, 01/09/2015 - 11:51 | 5641773 ebworthen
ebworthen's picture

Precisely, and he'll do it dryly and without passion.

Fri, 01/09/2015 - 12:23 | 5641946 Antifaschistische
Antifaschistische's picture

forget this statistic and show us the Personal Income Tax Receipts....that tells the story.

Fri, 01/09/2015 - 10:34 | 5641345 g'kar
g'kar's picture

That does seem to indicate the S&P500 companies should have an even better year in 2015 as more individuals who actually work will have more of their money transferred involuntarily to the FSA to be spent on drugs, booze, Doritos, big screens and hookers.

Fri, 01/09/2015 - 12:05 | 5641861 gookempucky
gookempucky's picture

 

1978 population at 222 million

2014 population at 316 million

the math---------=  94 million

2014 not in labor pool 92 million

 

HHMMMMM

Fri, 01/09/2015 - 11:39 | 5641705 post turtle saver
post turtle saver's picture

all we need are some rate hikes and we can enjoy the wonder years of the Carter era again... yay

Fri, 01/09/2015 - 12:06 | 5641860 DerdyBulls
DerdyBulls's picture

Rate hikes? Wont happen, only very modest and short-term if at all. Think "sovereign debt service." 

Fri, 01/09/2015 - 09:54 | 5641159 Squid Viscous
Squid Viscous's picture

We dis-incentivized some folks...

Fri, 01/09/2015 - 11:34 | 5641669 Gaius Frakkin' ...
Gaius Frakkin' Baltar's picture

Our propaganda isn't working anymore on some folks.

Fri, 01/09/2015 - 09:54 | 5641165 Creepy A. Cracker
Creepy A. Cracker's picture

Bbbbbbbuuuuuullish!!!!

</s>

Fri, 01/09/2015 - 09:55 | 5641169 Dr. Engali
Dr. Engali's picture

Liarman on CNBS can't figure out why participation is so low and wages are falling. Hey dumb fuck, people are forced to work multiple part time jobs thanks to zero care and we have a never ending flow of cheap labor coming in from the south.

Fri, 01/09/2015 - 09:58 | 5641186 yogibear
yogibear's picture

And offshore outsourcing to the east.

Fri, 01/09/2015 - 10:02 | 5641205 madcows
madcows's picture

the world is replete with cheap manufacturing.  Clinton and company made it legally nice and easy for companies to ship production work elsewhere. Off shoring and internationalization of companies has been happening for many years.  That's a hit to america, which had been the world's manufacturer since wwII.

Fri, 01/09/2015 - 10:09 | 5641226 disabledvet
disabledvet's picture

Thank God we're debt free and winter is mild!

Fri, 01/09/2015 - 10:51 | 5641449 NotApplicable
NotApplicable's picture

Yeah, but Clinton's actions pale in comparison to Greenspin's funding of the whole endeavor.

Magic Checkbooks, FTW!

Fri, 01/09/2015 - 10:56 | 5641481 Franktastic
Franktastic's picture

Am out and laying low, because i do not want to feed the corrupted machine anymore, am sure am not the only one with this reasoning..am withdrawing from slumber land.

I want to LIVE!

Sat, 01/10/2015 - 00:21 | 5644857 doctorZH
doctorZH's picture

SECESSION FROM THE BEAST?

Fri, 01/09/2015 - 10:58 | 5641483 richiebaby
richiebaby's picture

I would be participating if only my rapper career would take off

Fri, 01/09/2015 - 11:13 | 5641572 TheMerryPrankster
TheMerryPrankster's picture

send bigger bags of weed and blow with your mix tapes when you send them to reviewers and distributors also make sure to send a nice thank you note when you get a good review

Never hurts to put  a cap in some big name producers ass, great publicity and the jail time will make your career have street cred.

Fri, 01/09/2015 - 09:56 | 5641174 papaswamp
papaswamp's picture

Just dont look at the not seasonally adjusted...actually lost jobs.

Fri, 01/09/2015 - 10:52 | 5641453 NotApplicable
NotApplicable's picture

<= This is my shocked face.

Fri, 01/09/2015 - 11:15 | 5641582 TheMerryPrankster
TheMerryPrankster's picture

you are the Picasso of ASCII

Fri, 01/09/2015 - 09:57 | 5641179 yogibear
yogibear's picture

Yep bullish. More QE coming.

Expect Yellen or Bulltard to talk about it to boost markets.

Continued printing of trillions to monetize debt.

Larger US deficits.

Infinite debt model. Zimbabwe economics. 

 

Fri, 01/09/2015 - 09:59 | 5641187 the not so migh...
the not so mighty maximiza's picture

i think they are going to go kamakize and raise rates

Fri, 01/09/2015 - 11:29 | 5641459 NotApplicable
NotApplicable's picture

Not until the next 9/11 comes along to provide adequate cover, is my guess.

But given I wasn't born a card-holding club member, I haven't a clue as to timing.

Fri, 01/09/2015 - 09:57 | 5641182 Element
Element's picture

At least they're not unemployed, that would be bad.

Fri, 01/09/2015 - 10:02 | 5641200 replaceme
replaceme's picture

That made me spit out my soylent green all over my monitor.

Fri, 01/09/2015 - 10:39 | 5641378 knukles
knukles's picture

That crap gives me the runs.  Maybe mine's made from Mexicans?

Fri, 01/09/2015 - 10:55 | 5641472 noben
noben's picture

What flavor? Regular, Nacho or Curry?

Fri, 01/09/2015 - 10:11 | 5641229 g'kar
g&#039;kar's picture

Thanks, I needed that.

Fri, 01/09/2015 - 10:17 | 5641266 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

At least they're not unemployed, that would be bad.

Fucken A, bro. This is the path to full employment!

Fri, 01/09/2015 - 10:26 | 5641308 Element
Element's picture

Does smack addict admit they have a problem, or do they keep pumping in the shit and die in a toilet stall, thus successfully avoiding personal crisis?

Fri, 01/09/2015 - 10:39 | 5641370 knukles
knukles's picture

Elvis was not a smack addict.  He liked booze and pain meds.  And he died on his own commode.

Fri, 01/09/2015 - 10:56 | 5641477 Element
Element's picture

lol, I would not have made that connection, occupation GI blues, no?

Fri, 01/09/2015 - 11:20 | 5641605 TheMerryPrankster
TheMerryPrankster's picture

The King died on the Throne.

He had heart disease and was massively constipated from the opiates. a couple of exlax could have saved Elvis, he was full of shit - just like CNBC.

everybody goes sometimes but elvis went while he was going.

Fri, 01/09/2015 - 11:38 | 5641676 WTFUD
WTFUD's picture

Elvis is DEAD? Fuck i'm more outta touch than Obama.

P.S. Knukles Elvis was a 'snack' addict.

Fri, 01/09/2015 - 10:41 | 5641395 Elliott Eldrich
Elliott Eldrich's picture

I'm thinking "dying in a toilet stall" is a good example of the ultimate in "personal crisis."

Fri, 01/09/2015 - 10:56 | 5641462 Element
Element's picture

Maybe for significant others.

Fri, 01/09/2015 - 11:17 | 5641588 TheFourthStooge-ing
TheFourthStooge-ing's picture

Habits can naturally decline and lose their ground as they grow successful and destroy their ground in the doing.

The current situation is one of intelligent people who gamed themselves, living at the expense of silly people. Silly people can no longer sustain intelligent people, led by US citizenism, in all their mistakes.

But hey, propaganda is vital to US citizenism and everything that can help confusing is welcome.

Fri, 01/09/2015 - 11:49 | 5641755 Uchtdorf
Uchtdorf's picture

I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant.

Fri, 01/09/2015 - 09:59 | 5641183 WTFUD
WTFUD's picture

Don't know if my ticker can handle all this good news spewing out of .Gov.

Do NOT follow this link or you will be banned from the site!