Quantcast

Graphic: Unemployment Drops to 8.3%

The monthly unemployment rate chart looks great...

The unemployment rate dropped to 8.3 percent in January.

Source: NPR via BLS.

...But the persons not in the labor force (and therefore not counted in the unemployment rate) tells a different story

The civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.

Source: Zero Hedge.

Leading to biggest percentage jump in persons not in the labor force in 30 years.

Biggest percentage jump in 30 years of 'Persons Not In Labor Force'

Source: Zero Hedge.

Sign up to join the discussion

Reply to this article
view profile

Christopher Altchek

I am a co-founder of PolicyMic. I lead the product team. My previous experiences include banking at Goldman Sachs, labor organizing for SEIU, pol...


​

Most Mic'd in Business

Most Mic'd on PolicyMic

Featured Story


The Discussion

ajax-loader

Loading Comments

x

Add PolicyMic to your News Feed

PolicyMic