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brentspeak

(18,290 posts)
21. NYTimes: Rate dropped because more workers dropped out of labor force
Fri May 4, 2012, 09:20 AM
May 2012


http://www.nytimes.com/2012/05/05/business/economy/us-added-only-115000-jobs-in-april-rate-is-8-1.html?_r=1&hp

The unemployment rate ticked down to 8.1 percent in April, from 8.2 percent, but that was not because more unemployed workers found jobs; it was because workers dropped out of the labor force.

The share of working-age Americans who are in the labor force, meaning they are either working or actively looking for a job, is now at its lowest level since 1981 — when far fewer women were doing paid work. The share of men taking part in the labor force fell to 70 percent, the lowest number since the Labor Department began collecting these data in 1948.

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8.1% [View all] bigtree May 2012 OP
Great news malaise May 2012 #1
After 2 weeks of being unemployed safeinOhio May 2012 #2
yes! bigtree May 2012 #4
Congrats! BumRushDaShow May 2012 #5
Such good news RockaFowler May 2012 #8
K&R... SidDithers May 2012 #3
meh, people just stopped... Schema Thing May 2012 #9
Pop Pop Pop!!! Hater heads exploding again. JoePhilly May 2012 #6
and romney whines....fug the thugs spanone May 2012 #7
"Things would be getting better... Proud Liberal Dem May 2012 #17
Bad news pinqy May 2012 #10
Break out the Champagne! slackmaster May 2012 #11
were employment numbers under Bush criticized this much? GusFring May 2012 #12
Yes, Bush took heat though the numbers were lower. Much criticism was aimed at their accuracy. slackmaster May 2012 #18
In '08 It Didn't Matter... KharmaTrain May 2012 #20
I am curious what the unemployment numbers would be if doc03 May 2012 #13
Krugman: ProSense May 2012 #15
I wonder how better things would be if Repubs in Congress weren't trying to topple the gov from within GusFring May 2012 #16
BLS: ProSense May 2012 #14
I helped with that number.. Fumesucker May 2012 #19
NYTimes: Rate dropped because more workers dropped out of labor force brentspeak May 2012 #21
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