OBAMA’S ECONOMY: NEARLY 100 MILLION NOT WORKING
Mr Americana, Overpasses News Desk
May 8th, 2015
Overpasses For America
VIA ZEROHEDGE
In what was an “unambiguously” unpleasant April jobs payrolls report, with a March revision dragging that month’s job gain to the lowest level since June of 2012, the fact that the number of Americans not in the labor force rose once again, this time to 93,194,000 from 93,175,000, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called “market” which continues to reflect nothing but central bank liquidity, and thus – the accelerating deterioration of the broader economy.
End result: with the civilian employment to population ratio unchanged from last month at 59.3%, one can easily on the chart
below why there will be no broad wage growth any time soon, which will
merely allow the Fed to engage in its failed policies for a long, long
time.
May 8th, 2015
Overpasses For America
VIA ZEROHEDGE
In what was an “unambiguously” unpleasant April jobs payrolls report, with a March revision dragging that month’s job gain to the lowest level since June of 2012, the fact that the number of Americans not in the labor force rose once again, this time to 93,194,000 from 93,175,000, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called “market” which continues to reflect nothing but central bank liquidity, and thus – the accelerating deterioration of the broader economy.
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