MSNBC: Jobless Rate Drops to Lowest Level in Almost Three Years

[jschurchin]

65. I think I found out whats going on here

A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month!

http://www.zerohedge.com/news/record-12-million-people-fall-out-labor-force-one-month-labor-force-participation-rate-tumbles-

Then, after not much research, we find this,

Per Bloomberg: About 113k of NFP gain from “low wage jobs,” David Ader, strategist at CRT Capital Group, writes in note. Additionally, “we didn’t see the drop in courier and messengers as expected - but suspect we will." Moreover, ‘‘long-term stress remains at the U6 measure at 15.1% is still high, but likely falling due to people leaving labor force, and duration on unemployment remains over 40 weeks."

http://www.zerohedge.com/news/nonfarm-payroll-surge-gain-low-wage-jobs

Remember when nitwit was President and we were told how the housing market was "contained", that 7% unemployment was "about as high as it's going", That TARP was to help homeowners? It was all bullshit then, and it didn't take much research to find the real story.
Go find the truth about this bullshit from BLS, and believe me, it's bullshit.