Americans Not In The Labor Force Soar To Record 95.1 Million: Jump By 446,000 In One Month

Tyler Durden's picture

So much for that much anticipated rebound in the participation rate.

After it had managed to post a modest increase in the early part of the year, hitting the highest level in one year in March at 63%, the disenchantment with working has returned, and the labor force participation rate had flatlined for the next few month, ultimately dropping in November to 62.7%, just shy of its 35 year low of 62.4% hit last October. This can be seen in the surge of Americans who are no longer in the labor force, who spiked by 446,000 in November, hitting an all time high of 95.1 million.

As a result of this the US labor force shrank by 226,000 to 159,486K, down from 159,712K a month ago, and helped the unemployment rate tumble to 4.6%, the lowest level since August 2007.

Adding the number of unemployed workers to the people not in the labor force, there are now over 102.5 million Americans who are either unemployment or no longer looking for work.

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DogeCoin's picture

Best recovery ever. Can't wait for the massive recession Trump said was coming.

Shocker's picture

We will be heading in the right direction

Layoff List: http://www.dailyjobcuts.com
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StackShinyStuff's picture

What about Mexicans not in the labor force?

Stuck on Zero's picture

It's clear from the numbers that the USA has a massive labor shortage and needs to nring in another hundred million immigrants.

MillionDollarBonus_'s picture

Even better! People have become so wealthy under Obama that they are now retiring in record numbers!! Obama will go down as hands down THE BEST President for the economy, that America has EVER witnessed!!!

IS TRUMP EVER GOING TO RELEASE HIS TAX RETURNS?  
bigkahuna's picture

surprised!!!   /s b/c Im after mdb

bamawatson's picture

does eric braverman have a job ?

froze25's picture

At this point what difference does it make? Sorry couldn't resist.
Seriously though how can they even use the unemployment number on any Media show with a straight face?

Took Red Pill's picture

Simple. It's called spin. Like this;

US payrolls rise solidly; jobless rate at 9-year low

http://www.aol.com/article/finance/2016/12/02/us-payrolls-rise-solidly-j...

Everything is wonderful!

BaBaBouy's picture

WHY Work, when you can Collect one of the various Cheques On Offer...

FireBrander's picture

Why work when your effort only improves the life of those at the top?

Various studies come up with varies numbers, but the last I saw was that you needed a ~$50k a year job to equal the "Cheques On Offer" for not working...how many can get a $50k job?

Chosing the "Cheques On Offer" is the SMART OPTION in this economy...the "poor" aren't as stupid as many think...

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) The Merovingian Dec 2, 2016 11:54 AM

Now look, peoples...  The weather has been incredible and I can have Big Government point guns at my neighbors, taking their income to give it to me. 

WHY WORK?!?!?!?!

Isn't socialism awesome?

FREE $HIT FOR EVERYBODY!!!!

letsit's picture

100 Million Americans with no Job. 1/3 of the country. What a CURSE!!!
http://biblicisminstitute.wordpress.com/2014/07/17/is-america-cursed/

Mano-A-Mano's picture
Mano-A-Mano (not verified) letsit Dec 2, 2016 12:49 PM

Let's have fun and watch how Trump stumbles about trying to fix that.

tazs's picture

He can't. He won't. He doesn't care. He only loves himself. He's a narcissist.

philipat's picture

Dear mofio, santafe, Aristotle of Greece, Gargoyle, bleu, oops, lance-a-lot, Loftie, toro, Yippee Kiyay, lonnng, letsit, Mano-A-Mano, techies-r-us, beauticelli, stizazz, Nekoti, SumTing Wong, King Tut, Adullam, espirit, rp2016, Holy hand grenade of Antioch, lock-stock and tazs, amongst others.I wonder why you continue to talk to yourself? When you use honest disclosure of your Biblical site (Even though the site has no connection whatsoever to your comments) I will  not respond with a SPAM alert. So there is no need to talk to yourself to prevent my SPAM alert appearing right below your fake links. Unless you see the need to congratulate yourself on your clever comments, knowing that nobody else will? Alternatively, it can only mean you are seriously mentally ill. Talking to yourself is not good; you MUST remember to take your meds.

Agent P's picture

I'm guessing most of them are out protesting the election results, so they're too busy to look for work....or should they be counted as employed seeing as they're getting paid? 

Muddy1's picture

Will anything really change with the Trump administration?  Will they go back to the "old" way of calculating unemployment?  Will we be  told a "true" number?  Or will the Trump administration continue to not count those who have given up on finding a job so they can report rosy employment numbers like Obama?

Will the true inflation rate be reported using the "old" formula? 

Handful of Dust's picture
Ford Recalls 680,000 Cars; Seat Belts May Not Hold in Crash

http://abcnews.go.com/Business/wireStory/ford-recalls-680000-cars-seat-b...

"Fundamentally changed Merica!"

 

~ Soweto GHussein bin Bama

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) bamawatson Dec 2, 2016 9:46 AM

Hey what happened morons?  I thought you said Bitcoin was dead or in trouble AGAIN???   Looks like its green today?  Will you guys ever get anything right?

 

https://localbitcoins.com

froze25's picture

Bit coin has been up for almost the whole year now. With the Vote in Italy coming up I suspect it will continue.

FireBrander's picture

Work at ~$12hr and spend $15,000 a year on health insurance?

OR

Don't (on th books) work, or work very little, and get Free Medicaid?

FireBrander's picture

"Health Care" reform has to be PRIORITY NUMBER 1...."repealing ObamaCare" won't fix anything and will actually MAKE IT WORSE as millions of people drop plans, millions more kicked out of Medicaid, and $100,000,000,000 in Government spending is pulled out of the "health industy" which will most likely collapse the whole fraudulant industry.

I wish Trump good luck in dealing with that clutsterfucked, 40 years in the making, steaming shit pile.

Hohum's picture

Good point.  Reform is particularly difficult because of the inequality.  With so many with low income, finding affordable health insurance (without a huge deductible) is a "market" system will be almost impossible.

froze25's picture

Wow, that is what the illegals do.

FireBrander's picture

FBI/IRS is now focusing on Bitcoin...asking for YEARS worth of transaction data and NAMES...sell your bitcoins now while you can still find people willng to have thier names on that list that WILL be delivered to the FBI/IRS.

kochevnik's picture

More to life than kowtowing to authority and cowering in the shadows, FB

FireBrander's picture

Success will be BitCoins downfall...the bigger it gets, the more "in need" of government regulation it becomes...if you think ANY government is going to allow $100's of billions worth in transaction to flow without ANY government control...lol...good luck with that...

 

Raging Debate's picture

Firebrander, banks have captured .gov. The US is a giant shell corp and JPM has already invested in Bitcoin.

Your not wrong about it being regulated, your just behind a little, it already is by .bank/gov .

For regulations in banking there are two important ones. Returning to Glass Steagal to seperate savers and speculators.

Second is nationalizing the FED as an official 4th branch of government is another biggie. a quasi, private/public franchise has been proven to be a disaster over the last 100 years in the US. The Fed is a franchisee of the BIS (a foreign corporation) which in theory and practice means it does not soley serve American interests. 

 

 

FireBrander's picture

If you want to Tilt Windmills, have at it...the money system is what it is...I accept that...I will vote for people that want to reform it in my favor, but taking on the FBI/IRS personallly to "show them" that I won't "kowtow"...lol...fools mission.

Raging Debate's picture

Draybin - JPMORGAN invested in Bitcoin, it is now very much part of banking system. So it has a much bigger floor under it and less risks. Less reward now too but se la vie. In any event, ZH reported on this article in 2014 when it came out: http://www.coindesk.com/former-jp-morgan-exec-blythe-masters-swaps-wall-...

With ZH, you get diamonds and some crap, especially in the comment section. I find it worth it for the diamonds but also for the comedy gold :) 

net net's picture

Braverman is still finding himself

firestarter_916's picture

Bill and Hillary are out of jobs.

No OB Wan Kenobe's picture

You have outdone yourself this time! Brilliant! Bravo! Love it!

ShorTed's picture

It may be hard to imagine otherwise but MDB actually drinks his own Kool-Aid...check out his ridiculous website or his Twitter feed.  He's serious.

HockeyFool's picture

MDB actually drinks his own urine. He is the Bear Gryllus of finance and economics and other worldly stuff.

cheech_wizard's picture

You give him far too much credit.

BorisTheBlade's picture

Good one. Retirement army so big, it's 50 times that of active personnel of Chinese armed forces aka People's Liberation Army. Obama also liberated record number of people from their jobs is what you say.

Nunyadambizness's picture

You really only do this to see what kind of reactions you're going to get, I'm sure.  Well.... because I don't think anyone is really that stupid.

Thanks for the LOL!

Bobbyrib's picture

To me it is unreal people still take him seriously. This is blatant sarcasm. There should be no mistaking future posts as being serious.

847328_3527's picture

This sounds like Fake News because 100% of the Mesicans I know have a job.

JRobby's picture

5th? Slacking off MDB

Nothing to see here. More false numbers from GOVT/MSM/OLIGARCHY

F em all but 6's picture

reading your comments is like watching a retard lick the short bus windows. We are truly amused and have no doubt that if it were not for the generousity of others, you would have perished long ago.

FireBrander's picture

..and 33% of people making payments on a car have $3k-$4k in negative equity in that car.

Kayman's picture

" they are now retiring in record numbers!! "

And living off canned cat food.

Once we hit 100 million "not in the work force" we will have zero unemployment.

Great view you have looking thru coke bottle glasses.

K

BrownCoat's picture

@ MDB,

Your comment was really funny! You can't really believe what you wrote, can you?

silverer's picture

You don't like facts very much, do you? Isn't there a position waiting for you somewhere in North Korea?