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People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981

Tyler Durden's picture


it is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to
88,419,000.  This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.

Labor force participation Rate:

People not in labor force:


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Fri, 05/04/2012 - 09:00 | 2396386 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

Yeh, and the "Pot-of-Gold" at the end has turned into a crock-of-...

Fri, 05/04/2012 - 08:44 | 2396283 wonderatitall
wonderatitall's picture

if this great economic recovery keeps up obama will be re elected by the 50% who dont pay taxes. obama will have him some good dog bbqs this summer. ...between vacations.

question? what do we call the 100 million who are out?   soylent green is ...


Fri, 05/04/2012 - 08:45 | 2396285 mtomato2
mtomato2's picture

Head and shoulders, anyone? Silly economists... stats are for sociologists!

Fri, 05/04/2012 - 08:45 | 2396289 SDRII
SDRII's picture

Laird Hamilton, the surfer, has this awesome saying - "Victory by attrition".

Fri, 05/04/2012 - 08:56 | 2396363 GMadScientist
GMadScientist's picture

That was actually Uncle Ho.

Fri, 05/04/2012 - 09:04 | 2396378 LawsofPhysics
LawsofPhysics's picture

Having surfed with both Jeff Clarke and Laird Hamilton, at least you get a chance to compete in those events, but he is indeed correct.  Mother Nature is a brutal mistress.  I am fine with victory by attrition, so long as all the competitors are playing on the same field with the same tools.  Saw my life flash before my eyes on more than one occassion playing with these guys, and yet I still go back everytime I get the call.  Eddie would go, don't know if I will under the same conditions.  Defining moments people, defining moments.  The difference is there won't be any taxpayers around to bail me out should I find myself stuck on the reef.  Prosecute the fucking fraud already and allow the bad business models to fail already.

Fri, 05/04/2012 - 09:32 | 2396566 Dr. Engali
Dr. Engali's picture

They aren't going to prosecute anything. This is all being done by design. Is there any institution left that the American people can point to with any sort of pride? Nope ...not one.

Sat, 05/05/2012 - 02:06 | 2398984 mtomato2
mtomato2's picture

Eagle Scout.

Fri, 05/04/2012 - 08:46 | 2396292 Defenestratus
Defenestratus's picture

How the hell can this be legal what they're doing to these numbers?

Fri, 05/04/2012 - 09:07 | 2396419 Chuck Walla
Chuck Walla's picture

No Lie too great, no fact too solid to interfere with the re-election of our Sun King.


All Hail Barack the Magnificent!

Fri, 05/04/2012 - 08:46 | 2396295 bobnoxy
bobnoxy's picture

No wait, this is good news and will send stocks to new all time highs any day now! Don't you get it? It's always good news. On that, I'm thinking of adding myself to the ''not in the labor force'' number. Grim.

Fri, 05/04/2012 - 08:47 | 2396300 AmazingLarry
AmazingLarry's picture

Recovered. Bullish!

Fri, 05/04/2012 - 08:48 | 2396313 Zero Debt
Zero Debt's picture

Here is a stat to paint the gold tape: 522k dropouts - 112k added is -410k. So, 410,000 jobs lost with nearly 100 million able people out of work.

With 522k dropouts per month, it should add up to 100 million able people out of work in 23 months, less than 2 years. QE that if you can, chairman.

Fri, 05/04/2012 - 09:36 | 2396580 mayhem_korner
mayhem_korner's picture



The 522K were already out of a job.  Point is made, but yer math is a bit fuzzy.

Fri, 05/04/2012 - 08:49 | 2396315 Mariez
Mariez's picture

No wonder US gasoline usage is at an all time low. No one is driving to work because no one has a job.

Fri, 05/04/2012 - 09:09 | 2396426 LawsofPhysics
LawsofPhysics's picture

So long as the fascism and corporations (that should have failed) remain in control of CONgress and no one is willing to have an adult conversation, America (and the dollar) will become less relevant every day.  Hedge accordingly.  The rest of the world (the BRICs in particular) are buying up oil as fast as ever.  Right now the petro dollar is supported by the U.S. military and visa versa.  With fewer people willing to sacrafice their children for the petrol dollar we'll see how long the dollar lasts.

Fri, 05/04/2012 - 09:25 | 2396511 Shizzmoney
Shizzmoney's picture

A lot of people in cities use public transport, too.  They HAVE to, to save money.  MBTA (Boston) ridership breaks record levels each year, especially since recession. 

This puts a strain on the system.....and creates an excuse for the MBTA (which much balance its budget each year) to threaten the populace with raising fares, or cutting service.  People don't want their service cut*, so they accept the higher fare (which will only go higher as inflation and gas prices increase).

When ridership decreases due to fare eventually reaching a tipping point, especially in cities like SF/NYC/Boston where there are jobs, but they don't pay well to handle the high costs of these cities.....then we double dip.

*Also, let's be honest; most people understand, especially younger folk in student debt and making less than their parents, they can't afford cars, except w/o a loan. 

Middle class Americans are over-leveraged, like everyone else, and as they start to decouple, the economy then shits bed. 

Fri, 05/04/2012 - 08:49 | 2396316 Kina
Kina's picture

They are factoring in 150,000 suicides because everything is just so good now.


Every bit of corruption in the USA is just so balatant now. They don't even bother to hide it. Blatant manipulation of all markets, blatant manipulation of gold and silver.


The govt the bankster owners and their toy politicians realised that there is nobody to hold them accountable, since they own everybody.


Fri, 05/04/2012 - 08:50 | 2396317 westerman
westerman's picture

Housewives are apperently more in than ever. I mean how else could millions of people be staying at home not working?

Fri, 05/04/2012 - 09:24 | 2396504 Coast Watcher
Coast Watcher's picture

House husbands, these days. Get with the program, bro!

Fri, 05/04/2012 - 08:49 | 2396320 SheepDog-One
SheepDog-One's picture

And the funny part is, the purple lipped Kenyan just needs to say 'all is well, I fixed it', and the Proles will believe it! 

Fri, 05/04/2012 - 08:58 | 2396377 rubearish10
rubearish10's picture

He's a fuckin' Demon!

Fri, 05/04/2012 - 09:11 | 2396431 Chuck Walla
Chuck Walla's picture

And the funny part is, the purple lipped Kenyan just needs to say 'all is well, I fixed it', and the Proles will believe it! 


Most people realize the lie. The AP and other fellow travelers, they suspend disbelief and curiosity and integrity as they go all in for  Dog Eater the First.

Fri, 05/04/2012 - 08:49 | 2396321 fonzannoon
fonzannoon's picture

Hey can someone help me out...I keep logging into cnbc website and I don't see anywhere on there what the jobs number was this morning....

Fri, 05/04/2012 - 08:50 | 2396329 TwoJacks
TwoJacks's picture

by the time this percentage gets down to 60%, msm will say, "look, this is where we were during the great 1950s expansion."

of course, I stopped watching the msm a long time ago, soo you'll have to tell me about it when they start saying that shit

Fri, 05/04/2012 - 08:51 | 2396330 bshirley1968
bshirley1968's picture

Where does this # come from and why can we believe it?  I agree that unemployment is higher than they admit but I am unclear about the source of this statistic.

Fri, 05/04/2012 - 09:13 | 2396445 Vince Clortho
Vince Clortho's picture

One thing you can be certain of, the statistic is nonsense.  Everything is marketing and manipulation from the Ministry of Truth.

Fri, 05/04/2012 - 08:51 | 2396331 Dr. Engali
Dr. Engali's picture

We clearly aren't printing enough. I propose that we print eleventy trillion dollars to take care of our employment issues. Or we could just have a nice big fat war and take care of them that way. Which do you prefer?

Fri, 05/04/2012 - 08:57 | 2396372 fonzannoon
fonzannoon's picture


Fri, 05/04/2012 - 08:59 | 2396381 Dr. Engali
Dr. Engali's picture

That's the way I see it.

Fri, 05/04/2012 - 09:23 | 2396507 hedgeless_horseman
hedgeless_horseman's picture



History agrees.

Fri, 05/04/2012 - 08:52 | 2396335 scragbaker a ca...
scragbaker a cape cod clamdigger's picture

What about all of the people that have had salaries / benifits reduced ?  What about all of the people that were making six figures before the 2nd great depression struck (I personally know three of them) who are now working at convenience stores or other 'shit bag' jobs ? Where is there hope for recovery when so many people are hurting ?  This is THE GREAT SET BACK for too many souls.   

Fri, 05/04/2012 - 09:59 | 2396694 lakecity55
lakecity55's picture

Good post, but not only that, think about the folks on unemployment dealing with a devaluing dollar!

Fri, 05/04/2012 - 08:54 | 2396347 holdbuysell
holdbuysell's picture

Atlas Shrugged is happening? Have they gone to a valley and are producing for themselves now?

Fri, 05/04/2012 - 08:54 | 2396348 Cassandra Syndrome
Cassandra Syndrome's picture


Also factor in that 30 years ago one income per household sufficed, particularly manufacturing and professional white collar jobs. With today's debt obligations and cost of living, 2 incomes per household has become the necessity in most cases.

Fri, 05/04/2012 - 08:54 | 2396349 MFL8240
MFL8240's picture

The US con game doesnt seem to ever end with this group. 8.1% of those they decide to count!

Fri, 05/04/2012 - 09:01 | 2396390 ArkansasAngie
ArkansasAngie's picture

Decide to pay for.

Those other pesky peons ... well ... too bad for them

Fri, 05/04/2012 - 08:54 | 2396350 monopoly
monopoly's picture

And the headlines on all the media news casts tonight. Unemployment rate drops to a "3 YEAR LOW" of 8.1%. Irrelevant why!. What a disaster this country has become. And those that get "full time" jobs. $9.00 bucks an hour, no benefits, and seasonal.

Fri, 05/04/2012 - 08:55 | 2396354 marcusfenix
marcusfenix's picture

so now, according to the MSM the 115,000 print is not that bad fact it's actually pretty good, green shoots and all that no reason to be concerned.

the frog in the pot that is slowly being brought to a boil...that's the American public right now.


Fri, 05/04/2012 - 08:55 | 2396358 Platinum_Investor
Platinum_Investor's picture

How can they count the "UNEMPLOYMENT RATE" without all the UNEMPLOYED?  Nutz!

Fri, 05/04/2012 - 08:58 | 2396376 GMadScientist
GMadScientist's picture

Clearly they all took Mittens advice and stopped working for a living and instead are living off of 10 shares of LULU and a potpourri of HY and Munis.

Fri, 05/04/2012 - 08:56 | 2396359 trillion_dollar...
trillion_dollar_deficit's picture



Fri, 05/04/2012 - 08:55 | 2396361 grunk
grunk's picture

That's the first time I've seen a ZH article go to Drudge.

Fri, 05/04/2012 - 09:04 | 2396407 Vergeltung
Vergeltung's picture

there's one other time that I know of, IIRC.


Fri, 05/04/2012 - 12:29 | 2397255 Chump
Chump's picture

This is the third time I believe, but I can't remember the post subjects.  All have been top headlines.

Regardless of what you think of Drudge, this is a good thing.  Drudge reaches a huge number of people and the more people exposed to clear documenation of outright data manipulation by the government the better.

Fri, 05/04/2012 - 09:03 | 2396403 Vergeltung
Vergeltung's picture

ZH linked on Drudge. wOOt!  ;)


Fri, 05/04/2012 - 09:04 | 2396411 Shizzmoney
Shizzmoney's picture

In March the U.S. had 2 million more managers and professionals working than five years earlier. Lower-paying service-sector jobs were up 1.5 million. It’s the middle-income jobs that have been slow to return. Over the same period, there were 3.2 million fewer Americans working in sales and office jobs and 1.2 million fewer employed in transportation and production—a broad category that includes factory and assembly-line workers, printers, welders, tailors, and poultry and meat plant workers.

Another worrisome measurement: Median annual household income in March was $2,900 lower after inflation than at the start of the recovery in June 2009, according to Sentier Research, an economic consulting firm............

Even with 5.2 million fewer Americans employed than in January 2008, the U.S. is turning out more goods and services than before the recession, one reason corporate profits have hit record levels. These results will create demand for even greater efficiency, putting more pressure on mid-skill jobs. “This is early days,” says Brynjolfsson. “We see the next 10 years as being more disruptive than the last 10.”........

“There’s no better time to be a talented entrepreneur,” Brynjolfsson says. “There’s no worse time to be a middle-class person without special skills.”


Fri, 05/04/2012 - 09:56 | 2396687 lakecity55
lakecity55's picture

The first goal of communist regimes is to eliminate the middle class.

If he wins "re-election," he will false-flag an event allowing him to effect the EO he recently updated to give him plenipotentiary powers during peacetime.

If you want to see his game plan, he is copying the design laid out in Mein Kamphf.

Fri, 05/04/2012 - 10:08 | 2396737 nick howdy
nick howdy's picture

Look, the same thing would happen no matter who the President is..It's just a matter of how things are presented..The president is just a puppet says the things you want to hear then does something else...

We'll take care of the American people and keep them safe by destroying what is left of freedom...Besides we convinced them that they should depend on us not themselves, so what do they need freedom for?

If Mitt gets elected..the elite will give him his marching orders and things will accelerate even more..It will be a Corporatist/Fascist state...Totalitarian rule where corporations can prey, even more so, on the populace...

Fri, 05/04/2012 - 09:10 | 2396413 roadhazard
roadhazard's picture

How many people per month are dropping off the 99 week unemployment benefits and into the uncountable void. Whats the number going to be in July when another crop of college grads hit the labor market all at once. Oh wait, I just realized they will not be counted as anything until they first get a job.

Fri, 05/04/2012 - 09:13 | 2396447 laomei
laomei's picture

College grads don't count.  Gotta have a job first in order to be unemployed.

Fri, 05/04/2012 - 09:09 | 2396424 nick howdy
nick howdy's picture

88,419,000 off to the re-education camps....


Because the system declares you obsolete! 


Fri, 05/04/2012 - 09:13 | 2396443 farmerjohn2112
farmerjohn2112's picture

Scariest thing I've read in a long, long time...

Fri, 05/04/2012 - 09:39 | 2396565 hedgeless_horseman
hedgeless_horseman's picture



Appendix H, page 8...


H-43. During a nonlethal engagement, the use of designated marksmen provides confidence and safety to those facing a riot. If a lethal threat is presented, the designated marksmen in overwatch positions (armed with appropriate sniper weapons mounted with high-powered scopes) can scan a crowd and identify agitators and riot leaders for apprehension and fire lethal rounds if warranted. Additionally, they are ideally suited for flank security and countersniper operations. (See FM 3-22.40.)


Great advice.  So if one is concerned about riots, and is looking for "confidence and safety," then get long, "appropriate sniper weapons mounted with high-powered scopes."

It worked in Cairo, so it will work in Memphis (Tn).


Fri, 05/04/2012 - 09:52 | 2396674 nick howdy
nick howdy's picture

Chapter 10 Page 9:

Resettlement operations typically include controlling civilian movement and providing relief to human suffering. These operations may be performed as domestic civil support operations (due to natural
or man-made disasters), stability operations (due to noncombatant evacuation operations, humanitarian-assistance operations), or DC operations (due to combat operations). The authority to approve resettlement such operations within U.S. territories is at the Secretary of Defense level and may require a special exception to Title 18, USC (Posse Comitatus Act). The Posse Comitatus Act prohibits the U.S. military from enforcing civilian laws within the United States or its territories without specific authorization. The U.S. Constitution and other federal, state, and local laws may directly and significantly affect operations in the U.S. and its territories if the enforcement of civilian laws are required according to Title 10, USC. U.S. military forces conducting law enforcement functions in such cases require an authorization through a congressional act (for example, Title 10 USC, Sections 331 through 334 [Insurrection Statues]) or a constitutional authorization (for example the President invoking his executive authority under Article 2 of the Constitution). U.S. Army National Guard Soldiers operating in a nonfederal status are not restricted by
the Posse Comitatus Act. (See Title 32, USC, and JP 3-28.)

With NDAA they fixed that little Posse Comitatus issue....

Fri, 05/04/2012 - 09:38 | 2396597 nick howdy
nick howdy's picture

This country is going full FASCIST!

Fri, 05/04/2012 - 09:14 | 2396456 roadhazard
roadhazard's picture

RT was talking about re-education camps yesterday. So much for FEMA camps, these camps are for political dissenters who will be brainwashed into turning into informers on other political dissenters.

No more First Amendment for you, comrade.

Fri, 05/04/2012 - 09:52 | 2396663 lakecity55
lakecity55's picture

According to that fine patriot, Billy "dynamite" Ayers, only 20-30 million will have to be liquidated in the Camps, unless he has updated Prairie Fire.

Fri, 05/04/2012 - 09:10 | 2396433 Sandmann
Sandmann's picture

Tyler, quick question. Does the US include those employed in the Military in BLS statistics ?

Fri, 05/04/2012 - 09:14 | 2396448 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Unemployment rate "8.1%".  Right!!!!!!!!  Ha, ha, ha, ha, ha!!!!!!!

Fri, 05/04/2012 - 09:21 | 2396492 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Something I asked before. Never got an answer...

Fri, 05/04/2012 - 09:14 | 2396452 alfred b.
alfred b.'s picture


   The line for May from the administration, the fed and treasury will be same as the old one:   it would have been a lot worst!   

     Look out down below 'cause the clueless, the banksterapist and the not-ready-for-primetime are leading us down the bridal path all the way to the wood shed!

    Buy physical gold and silver!



Fri, 05/04/2012 - 09:14 | 2396455 Nobody For President
Nobody For President's picture

In my small-town world, a friend told me yesterday of her tuesday meeting - the 4 person small office just got told by the boss that it was shutting down in June - good luck finding another job and all that...all women, 2 late 50's, 1 early 60's - and extended unemployment in CA runs out next week because unemployment in the state is not high enough...

In this county, it is plenty high enough, and the chances of any of these gals getting another job above minimum wage checker in one of the two grocery stores, or working counter at one of the gas stations, is really, really tiny.

Big numbers are fine, but to me it boils down to real people getting really fucked...

And sorry JPM Hater - what's next for you?

Fri, 05/04/2012 - 09:49 | 2396656 lakecity55
lakecity55's picture

Hey, just another small preview of life under communism if the muslim is re-elected!

Fri, 05/04/2012 - 10:37 | 2396860 jomama
jomama's picture

yeah because that romney puppet is owned by someone else?  gtfo.

Fri, 05/04/2012 - 09:21 | 2396489 rsnoble
rsnoble's picture

I hate the twist the US gov't puts on shit. Sad thing is there's plenty of dumbfucks out there that believe it and just makes it harder on people.  "I have a job, why don't you lazy bum?" Not to mention this gets people thrown off unemployment faster because the states also use the same bullshit accounting.

Oh well, there's always Mcdonalds. LOL. And I hear that's even hard to get? 

I lost my $40hr job over 4 years ago, paid off all my debt and now make enough on my own to not worry about it. But ill admit expecting most people to be able to do that is just plain stupid.  People can live off hopes and dreams and a future income stream can't pay bills.  Just screwed for the most part.

Fri, 05/04/2012 - 09:28 | 2396540 rsnoble
rsnoble's picture

Of course our way of life in the US is fkd up, we are taught buy a house, buy cars, buy all this other shit, get married, have kids everything will be ok. Ha.  I seen this shit coming years ago thank god.

And they are still at it...........I get countless credit card offers, 0% auto loans for all etc. 

Granted some people shouldn't had bought a house they can't afford but on the other hand if the exodus of jobs hadn't occured many would still have a home.

One thing's for sure ill never buy a fkn home again, mines paid off. If it weren't for my wife id sell the sob and go live in a ratty ass trailer. Why? Because now I have something that's worth over $200k that's fully paid for and who knows what kind of mess I could get into in the future. Oh.....I guess we'll have to take your house.  Not to mention the fkn property taxes which NEED TO BE OUTLAWED!!  3 states are trying that. Public workers can pay their own fkn retirement.  Kicking old people out to pay taxes........that bullshit needs to stop right now. 

Fri, 05/04/2012 - 09:29 | 2396552 rsnoble
rsnoble's picture

Public workers..........the one group that doesn't have to join the depression as they will just sell your property to keep what they have.  The one group that gets to retire and keeps you working till you die so they can retire but you can't.  I can't fkn believe there's no more outrage over this than there already is.

Fri, 05/04/2012 - 14:57 | 2397741 rwe2late
rwe2late's picture

 Damn those garbage collectors, sewage treatment workers, firemen, teachers, janitors, park rangers, court stenographers, records clerks, and all the other "public workers" making your life miserable! They should all have to work 80 hours a week with no benefits and no pension.

 But did you just mean to complain about the top tier politicians and their croney hack appointments, the police and prison guards doing double overtime to boost pensions, the military careerist double and triple pension dippers, ...

ahhh, never mind, if one's brain is too full, why bother with specifics, just pointlessly generalize and lump the 25k city librarian with the millionaire D.C. senators and corrupt agency heads who actually make and set policies. 

Fri, 05/04/2012 - 09:23 | 2396500 bob_dabolina
bob_dabolina's picture

The UE rate is 8.1% yet 35% of the population is not in the labor force.


Fri, 05/04/2012 - 09:56 | 2396683 ebworthen
ebworthen's picture

C'mon, just put on those rose and brown tinted BLS glasses and you'll see how 35% = 8.1%.

Fri, 05/04/2012 - 09:30 | 2396548 orangegeek
orangegeek's picture

And the long term forecast under elliott wave for the SP500 isn't looking either.


For those who haven't cleared their positions and converted to T Bills or an interest bearing vehicle, you may want to do it soon.

Fri, 05/04/2012 - 09:31 | 2396561 kraschenbern
kraschenbern's picture

Tyler:  A chart of the ratio of consumers/producers would be telling.  Thanks in advance.

Fri, 05/04/2012 - 09:50 | 2396659 SokPOTUS
SokPOTUS's picture

Do it yourself and become the denominator.

Fri, 05/04/2012 - 09:34 | 2396570 dwdollar
dwdollar's picture

Things are "looking up" according to the local media. LOL... Things have been "looking up" for years according to them.... and here we are...

More BS.

More status quo.

Same leaders.

Fri, 05/04/2012 - 09:33 | 2396572 rsnoble
rsnoble's picture

Biggest news of the day "BUT" 8.1!!!!!!!

but but but but but but but but but

better than expected!

Fri, 05/04/2012 - 09:39 | 2396604 anonum
anonum's picture

Every unemployment cloud has a FIAT lining

Fri, 05/04/2012 - 09:39 | 2396602 marriedgeordie
marriedgeordie's picture

all is well, ladies and gentlemen. all those dropping out of the labor force are wives and now also mistresses of the top 1% of earners. as income at the top 1% increases ever more, an average high earner can support not also his family, but also women he has side affairs with. hence, those women no longer need to work, and leave the labor force entirely to enjoy their lives.

Fri, 05/04/2012 - 09:59 | 2396699 ebworthen
ebworthen's picture

Just ask John Edwards and his ilk (Newt Gingrich, Bill Clinton, etc.).

Fri, 05/04/2012 - 09:42 | 2396607 lakecity55
lakecity55's picture

Joe: "Boss, your plan is proceeding according to plan. Soon, 60% of the voters will be bankrupt. They will have to vote for you to get their "gimme dats."

Barry X: "Sho nuff, crackuh! An, aftuh I wins reeleckshun, we gonna open dem camps an' have billy ayers re-edu-kate all dem crackuhs, 'cept fo you, Joe. Now, get on muh shoes! I wants to see muh sef in dem!"

Joe: "Yessir!"

Barry X: "Now, where muh crack pipe?"


Fri, 05/04/2012 - 13:35 | 2397487 Cathartes Aura
Cathartes Aura's picture

Freddie?   dat you in der?  getting crowded in yer mind?

Fri, 05/04/2012 - 09:41 | 2396610 MFL8240
MFL8240's picture

The fuckin con job by the DC clowns.

Fri, 05/04/2012 - 09:53 | 2396669 ebworthen
ebworthen's picture

Bullish for Apple, Nike, Gun, NBA & NFL gear, and drug sales.

Fri, 05/04/2012 - 13:36 | 2397494 Cathartes Aura
Cathartes Aura's picture

thank gawd teh white boys don't be using dat shit.

Fri, 05/04/2012 - 09:43 | 2396620 Chappy
Chappy's picture

Green, time to short this turd market.

RED, QE3 rockets everything to the moon again.

Fri, 05/04/2012 - 09:43 | 2396621 John Prewett
John Prewett's picture

I'm not in the labor force.    Haven't needed to be since 1974 [at 26] when the VA declared me nuts and gave me pension.    Now living in Thailand.  Nice here.   Don't miss being in the labor force. 

Fri, 05/04/2012 - 09:45 | 2396630 bob_dabolina
bob_dabolina's picture

I bet you're a real ladies man.

Fri, 05/04/2012 - 09:51 | 2396660 ebworthen
ebworthen's picture

38 years, pretty good run, thanks for your service.

Fri, 05/04/2012 - 13:47 | 2397550 roadhazard
roadhazard's picture

The Nam will do that to you.

Fri, 05/04/2012 - 09:49 | 2396642 ebworthen
ebworthen's picture

CNBC bringing out Buffet and White House spokesman to spin the labor force numbers.

"We are still in recovery."

"It's good for the economy that people are looking for work."

Touting the BLS (BS) official unemployment % as shwoing job growth.

Yeah sure.  Bet you don't see the charts on this page on any MSM outlets.

At least they are still letting Rick Santelli tell the truth:  "It reminds me of an old beer commercial 'Tastes great, less filling', you'd have to be inebriated to spin this number into something positive."

Fri, 05/04/2012 - 10:04 | 2396664 rwe2late
rwe2late's picture

 So, if I understand correctly, % employed stats are 'up' because

roughly 500k 'dropped' from labor force

200k added 'employed' by birth-death model

and another 22k added 'employed' by seasonal adjustment

(and BLS assures an accuracy of 115k total new jobs plus or minus 100k)

- - - - - Too bad we would all be so much more confused if BLS collected and assembled the data in order to do year-to-year monthly comparisons coupled with % stats on employed F-T by the age groups 18-65, and over age 65 in the total population.  oops, sarcasm

Fri, 05/04/2012 - 09:52 | 2396665 marcusfenix
marcusfenix's picture

there is a picture that accompanies one of the stories in the MSM regarding today's NFP print. in it we find ourselves looking up at the iconic golden arches of mcdonalds, the purveyor of GMO pink slime sustenance to millions everyday, the sky is blue with a few fluffy white clouds floating by, the American flag waves in the breeze, it's all very warm and inviting.  just below the golden arches there is a sing that reads-


now that is a picture that is truly worth a thousand words

Fri, 05/04/2012 - 09:57 | 2396690 ebworthen
ebworthen's picture



And McD's was one of the first to be added to the exemption list for national healthcare "law".

Fri, 05/04/2012 - 09:57 | 2396688 tim73
tim73's picture

This is bad from both ends. Baby boomers are retiring while their jobs are simply disappearing. No new hires to replace them PLUS the fact there are no new jobs, except bullshit temp jobs paying shit and two pennies.

Fri, 05/04/2012 - 09:58 | 2396697 surf0766
surf0766's picture

Who cares about the baby boomers

Fri, 05/04/2012 - 10:00 | 2396704 ebworthen
ebworthen's picture

What, you are happy about jobs paying shit and two pennies?

Fri, 05/04/2012 - 10:03 | 2396714 BudFox2012
BudFox2012's picture

Normally I would make a sarcastic comment about this, but I am not in the mood today.  This shit is getting scary, and getting real very very fast.  Hope you all like living in 3rd world squalor, because that is where this train is headed (if not worse)

Fri, 05/04/2012 - 10:12 | 2396752 lakecity55
lakecity55's picture

Wow, Cass Sunstein has just been promoted to Goebbel's old job in a newly created propaganda ministry.

More like the Third Reich every day!

Foward, fellow National Socialists!

(this is the guy who advocated infiltrating the bloggers and eventually having them arrested for writing columns critical of the Regime).

Fri, 05/04/2012 - 13:42 | 2397520 Cathartes Aura
Cathartes Aura's picture

bet you're missing Karl Rove about now, eh.

Fri, 05/04/2012 - 13:49 | 2397560 roadhazard
roadhazard's picture


Fri, 05/04/2012 - 10:15 | 2396771 bankonzhongguo
bankonzhongguo's picture

You don't need an army of bureaucratic economists and statisticians to gauge things.

Walk outside your door.

In my fair city, there are people (educated and able) wandering the streets with nothing to do, except stay cool.

If it was not for the "government cheese" things would be on fire - preferably the 0.1%.

Still do not see things getting better, except for people's perception that things are getting worse.

Home invasions up in my area. 

Local school district just cut buses from next year's students.  Students faced with walking 5 miles - each way. No money for children, plenty of money government benefits.

Meanwhile, the money worshipers on Wall Street are parting with George Clooney and Obama. - 'Let them eat cake.'

Add torches and pitchforks.


But then again that is what they want.


Fri, 05/04/2012 - 10:20 | 2396786 Silver Bully
Silver Bully's picture

'it is just getting sad now.'

What do you mean NOW?! It's been sad since the dot bomb bubble burst, if not before.

Fri, 05/04/2012 - 10:30 | 2396841 tim73
tim73's picture

Excellent! Only three things to do...get Americans march in formations, get them to wear newly designed Boss uniforms (they are so cool like "last" time!) and burn some books (digital burning on your iPad is also allowed!). Your Homeland needs you, pure Americans (Native Indians do not count, there are from...south America, not real natives)!

Fri, 05/04/2012 - 10:42 | 2396879 John Bigboote
John Bigboote's picture

Drudge linkage. Nice.

Fri, 05/04/2012 - 10:53 | 2396923 orangegeek
orangegeek's picture

The hot red head in the "snorg tees" ad on this site with the big rack looks happily employed.

Fri, 05/04/2012 - 11:32 | 2397045 navy62802
navy62802's picture

If they can just get all the unemployed people out of the labor force, we may be down to 0% unemployment come election time! Hallelujah!

Fri, 05/04/2012 - 13:45 | 2397538 Cathartes Aura
Cathartes Aura's picture

"keep clickin' "

love, pavlov.

Fri, 05/04/2012 - 12:30 | 2397257 cnhedge
cnhedge's picture

A gradual deterioration in the collateral backing multi-cedulas

Sat, 05/05/2012 - 21:45 | 2400214 Iambic PentaMaster
Iambic PentaMaster's picture

Three words:  Global Obama Depression

Sun, 05/06/2012 - 09:29 | 2400550 Edward Boothe
Edward Boothe's picture

Yesterday was Cinco de Mayo in Mexico, so in order for us not to be upstaged, I decided to create a holiday for the Americans, which will occur exactly  six months from today, and be called Dia de Muerte. (Day of death), signifying the death of the greatest democracy in the history of the  world.  Today is exactly six months until the most evil "president" we have ever had in this country is going to be reelected by his freeloading, entitlement society, Barrack Hussein Obama, our wannabe dictator, who some are already calling the "King", is going to be reelected, and the greatest country on earth is going to under the boot of Communism for the rest of our lives.


When Obama is reelected he will assume that he has a mandate for communism, and will proceed into it full speed ahead, destroying the country he hates, and taking away the few freedoms that we have left.   Enjoy your remaining six months of freedom.


The only solution to this disaster is for people, who still want of be free after November 6, to get out to the polling places in numbers never witnessed before, and send this wannabe dictator back to Chicago, Cuba or Kenya where he belongs.


Freedom is ALWAYS just one generation away from extinction---Ronald Reagan


You have the choice between freedom and the evil of Communism Nov 6.  I pray to God that you will get out and vote, and  choose freedom for yourself, your children and grandchildren. Do you want the government telling you everything you can say or do?


Please email this to every one you know and hope that it goes viral.


Mon, 05/07/2012 - 16:37 | 2404640 Talons Point
Talons Point's picture

found twitter link to Rush Limb using link to this page.

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youyou208's picture

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