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More on NFP:  Both February and March revised higher, adding 53K to the job count. Average...

More on NFP:  Both February and March revised higher, adding 53K to the job count. Average hourly earnings up $0.01 in April, up 1.8% Y/Y. The labor force participation rate declines to 63.6% from 63.8%. The employment to population ratio declines to 58.4% from 58.5%. The U-6 unemployment rate remains at 14.5%. S&P -0.3%. (full report)
Comments (2)
  • silence_twain
    , contributor
    Comments (341) | Send Message
    From Zerohedge:


    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%.
    4 May 2012, 08:52 AM Reply Like
  • the_value_vulture
    , contributor
    Comments (274) | Send Message
    Except for positions in particular companies, this whole "economic revival" the stock markets have been banking on look like nothing but a bunch of hot air. The continued decline in labor force participation is likely sending more and more families to become permanent members of the welfare and food stamp class.


    Bernake's probably got that glimmer in his eye again. He's probably telling all his buddies that he's going to start the printing presses pretty soon so they can all position themselves before the announcement. QE3 is coming to a theater near you!
    4 May 2012, 09:04 AM Reply Like
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