Labor Participation Rate- Even HUFFPOST Figures It Out!
The labor participation rate fell to 66.3 percent it’s lowest level in 34 years! Even the Huffington Post has figured out that this is a structural unemployment problem.
-
-
Unemployment Rate Real Story- People Stopped Looking for Work
The actual unemployment rate (U-6) is 14.2%. The media ignores half the unemployed because the U-3 indicator is tied to the still falling labor participation rate.
-
Unemployment Situation Is A Gooey Mess
Don Ake says that as the nature of being unemployed has changed, so has the usefulness of the traditional U-3 measure of unemployment.