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Percentage of Adults Employed: Heading Back To 26-Year Low

|Includes:PowerShares QQQ Trust ETF (QQQ), SPY

Don't buy the positive spin being put on Friday's jobs report: the percentage of American adults employed is sliding back toward the 26-year lows set late last year (see charts below)

The unemployment rate "fell" because more people are abandoning the search for work and bailing out of the labor force - they're not counted under the Labor Department's statistical (and increasingly inadequate) definition of "unemployed." 

The job market, like the U.S. economy, remains stuck at post-crisis lows. At best.

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