In response to:

March Jobs Madness

IndeePendent Wrote: Apr 06, 2013 2:16 PM
Question: As people run out of unemployment benefits and are dropped from the rolls of the BLS, do they disappear from the country? Eventually won't we have a large segment of the population that is unable to find work and permanently unemployed? If this is true wouldn't the unemployment rate at some point reach zero? If you are not counted by the BLS you don't exist as far as the unemployment rate goes. Therefore, theoretically at some point unemployment will approach zero. Problem solved. I think the Obamaster has it all figured out.

There is no way to put a happy face on it.  The March 2013 jobs report is very bad news.  While the civilian non-institutional population increased by 167,000 people, the labor force shrank by 496,000 as huge numbers of Americans continue to give up finding a job. 

As a result, the labor force participation rate fell to 63.3 percent.  Not since the Jimmy Carter era of 1979 has the participation rate been so low. 

An anemic 88,000 jobs were created in March according to the Labor Department; less than half...