Americans Not In The Labor Force Rise To Record 92.9 Million As Participation Rate Declines Again

Tyler Durden's picture

For those (very few now, with even the Fed admitting the unemployment rate has become a meaningless, anachronistic relic) still wondering why the unemployment rate dropped once again, sliding from 5.7% to 5.5%, the reason is that while the number of unemployed Americans dropped by 274K thousand while those employed rose by 96K, the underlying math is that the civilian labor force dropped from 157,180 to 157,002 (following the major revisions posted last month), while the people not in the labor force rose by 354,000 in February, rising to a record 92,898,000 (people who currently want a job rose to 6,538K) matching the all time high number of Americans not in the labor force.

End result: the labor force participation rate dropped once more, declining to only 62.8%, which as the chart below shows is just off the lowest print recorded since 1978.

Source: BLS

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Bumbu Sauce's picture

Not to worry, this is the age of Free Shit™!

Shocker's picture

The one graph above, pretty much says it all

Job Layoff List:


GetZeeGold's picture



Hell yes it's a new record!!!


We're pretty awesome!

Stuck on Zero's picture

In a land of negative interest rates couldn't the jobless rate go to -5%?

NotApplicable's picture

It's going to be interesting to see what they do as the number approaches zero, which theoretically should be a limit.

I'm assuming they'll once again adjust the formula in order to reflect the facade they're promoting.

Grimaldus's picture

We have the most "transparent" progressive regime in history.  I guess in the progressive dictionary transparent means lying.



surf0766's picture

Communist regime... They are just starting to show their hand

Doubleguns's picture

In a land of negative interest rates couldn't the jobless rate go to -5%?


Maybe if they count the folks who lose multiple part time jobs at the same time? 2 or more lost jobs for one person!!

smokintoad's picture

I suppose these weasels could start claiming a person working two part-time time jobs counts as 1 1/2 employed people?

Doubleguns's picture

I guess i should have looked one more comment down. 

sapioplex's picture

Wrong.  They're already counting two part time jobs as 2 employed people. They'd have to increase it from there.

TheFourthStooge-ing's picture

Once again, the numbers drum. May seem not possible, but do not underestimate the capacitance of 'american' ingenuosity.

US citizens have this knack for holding in the head a multiplicity of thoughts and ideas in contradictature. This is not a form of nutsery, this is exceptionalism.

Nothing stronger than 'american' confidence in overcoming the environment, so nothing they make can spiral out of control.

US citizen math running crowd will prove scientific feasibility of negative unemployments rate. Cat in the box stuff.

StychoKiller's picture

Maffs is hard, 'specially frakshuns!

NoVa's picture

where is the Circus today and what time does it start?  


Chauncey Gardener's picture

Yeah, well don't expect to see any elephants. We're all Democrats now.

813kml's picture

I smell opportunity for unemployed obese Americans.

TheAntiProgressive's picture

That should also help the unemployment numbers, after all elephants don't count.  Look, a new job created.

rbianco3's picture

Seth, thank you for the morning smile. Anyone think John Galt is to blame? I know some people that knew some peoples that were under his influence for a few years -- until they ran out of money. 

Bearwagon's picture

Exactly ... are you listening? I'll tell you sumpin': Those were better times! Much better.

Never One Roach's picture

"Jobless rekovery" is robuster then they thought.

juantrades's picture

free stuff is so much better.

Matthew John's picture

Right, so why are 62.8% working?


TheAntiProgressive's picture

Hamsters on a wheel chasing the fiat, created out of thin air, to feed the little ones and crack the monthly nut, maybe eat out once in a while to stimulate more food sector jobs.

Philo Beddoe's picture

Dad, I got some bad news about medicaid. Dad, I have worse news about social security. 

SoilMyselfRotten's picture

Don't tell him what's going to happen to his pension

Philo Beddoe's picture

Dad was always a paper bug. I will explain it all to him once he is living in my basement. 

Bastiat's picture

Dad's paper is having another good day.

Philo Beddoe's picture

It sure has been for the last 6 or so years. He is going to need all the help he can get. I just hope the ladder does not fall while he is reaching for yield/return. 

HelluvaEngineer's picture

Something people that the fabled "middle class" used to have.

Scoobywan's picture

A failed corporate / government ponzi scheme

yogibear's picture

Demographics. Also means spending cutbacks.

Stoploss's picture

Everything is awsome!!!

hotrod's picture

the Dow will retire everyone.  Need more Illegals.

One And Only's picture

This is actually good news.

GetZeeGold's picture



If you want to be an unemployed's great news.


Hillary/Jeb 2016


Let's not leave anyone out.



lakecity55's picture

Since we combined tickets, I, Hitlery as President and Jeb Shrub as VP will see that Americans will get what's coming to them!

HelluvaEngineer's picture

Don't forget their other cousin - Walker.  Maybe he can be first assistant to the Royal Family fluffer.

BlueHen1990's picture

Tyler, don't forget to post the graphic of those over 65 entering the work force. CNBC likes to push that narrative that the dropping labor force participation is a demographic issue, yet the drops are concentrated mostly among prime working-age Americans.

PirateOfBaltimore's picture

UD grad eh?

and yes that's the most valuable proof that this isn't a baby boomer thing, it's young men who are dropping out as 65+ stays in.


The article from the other day about Americans spending more eating out was telling - at least we're utilizing all those newly minted waiters and bar tenders.

BlueHen1990's picture

Indeed I am! I like to brag about Joe Flacco & Rich Gannon being our alumni...I kind of pretend Joe Biden and Chris Christie aren't...

PirateOfBaltimore's picture

Big UD presence in my family, and plenty of annual D1AA football rivalry going on between JMU, Richmond, W&M, and UD.


I try to forget about Biden and Christie constantly.

Ralph Spoilsport's picture

"I try to forget about Biden and Christie constantly."

Those guys.....LOL!