Related info:
– The Real Unemployment Rate In The U.S. Is At Least 30%
– Fake Employment Numbers – And 5 More Massive Economic Lies The U.S. Government Is Telling You
– Participation rate in labor force matches 35-year low (MarketWatch, Jan 10, 2014):
Ouch.
The economy gained a meager 74,000 jobs last month, the weakest result since early 2011, according to government data released Friday morning.
Also not good: The participation rate in the labor force declined one-fifth of a percentage point to 62.8% in December, matching October’s level, which was the lowest since 1978.
The participation rate is a broad gauge of the labor-market health, showing the workforce’s share of the civilian noninstitutional population. Falling rates means that people are increasingly less likely be in the labor force — not a great sign of economic strength or confidence.