Tag Archive: Labor Force


Has Atlas Shrugged?

Has Atlas Shrugged? (via http://www.thebrennerbrief.com)

Last month, another 130,000 Americans dropped out of the labor force, The labor participation rate is 63.9 percent, which is roughly the same rate as the 1970s. Unemployment dipped to 7.7 percent as a result of the participation rate, but remains chronically high. Companies such as JC Penney, Google, and Wal-Wart, have all announced future layoffs. Jerry Murray, Wal-Mart’s VP of finance and logistics, made news after his leaked emails referred to the company’s monthly sales figures as a “total disaster.” In March, consumer confidence fell to the lowest level we have seen since December 2011. As the market corrects from the record highs last week, the American small business is still feeling the pain and wondering: Has Atlas Shrugged?

Quick Notes About the Unemployment Rate 


In the last year, the civilian population rose by 3,584,000. Yet the labor force only rose by 1,569,000. Those not in the labor force rose by 2,014,000.

In February, the Civilian Labor Force rose by 476,000.

In February, those “Not in Labor Force” decreased by 310,000. If you are not in the labor force, you are not counted as unemployed.

Participation Rate rose .2 to 63.9%

Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%.

Over the past several years people have dropped out of the labor force at an astounding, almost unbelievable rate, holding the unemployment rate artificially low. Some of this was due to major revisions last month on account of the 2010 census finally factored in. However, most of it is simply economic weakness.

Where is Unemployment Headed? – Mike Shedlock – Townhall Finance Conservative Columnists and Financial Commentary – Page 1.

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