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The U.S. Employment Situation, Economy, QE and Stock Prices in Context

97531LZ Wrote: Mar 18, 2013 3:56 PM
In January 2013 the U.S. Labor Force Participation Rate was 63.60% while in February it dropped to 63.50%. The labor force became smaller even though the Bureau of Labor Statistics said the unemployment rate went down from 7.9% to 7.7%. THE LABOR FORCE GOT SMALLER SO THE UNEMPLOYMENT RATE SHOULD HAVE GONE UP! Americans are tired of the BLS lying to us. In addition, if you look at 'U.S. Labor Force Participation Rate Historical Data' starting at January 2009, you will see the labor force participation going steadily DOWNWARD THE ENTIRE TIME--THE BLS SAYS UNEMPLOYMENT HAS GOTTEN BELOW 8% and keeps going down, but this chart says things ARE GETTING WORSE IN TERMS OF PEOPLE WORKING. When Obama says "I put 6 million people to work!", LIES.

In February 2013, the U.S. Bureau of Labor Statistics reported that some 143,492,000 Americans were counted as having jobs, as the official unemployment rate for the U.S. dropped to 7.7%. The last time that many Americans were employed was November 2008.

Breaking the employment numbers down by age group, the number of employed Americans included 4,376,000 teens (Age 16-19), 13,527,000 young adults (Age 20-24) and 125,589,000 adults (Age 25+).

Change in Number of Employed by Age Group Since Total Employment Peak in November 2007, as of February 2013