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Real Jobless Rate Is 11.4% With Realistic Labor Force Participation Rate

 
Anonymous Coward
User ID: 6474293
United States
01/06/2012 10:30 AM
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Real Jobless Rate Is 11.4% With Realistic Labor Force Participation Rate
Real Jobless Rate Is 11.4% With Realistic Labor Force Participation Rate

One does not need to be a rocket scientist to grasp the fudging the BLS has been doing every month for years now in order to bring the unemployment rate lower: the BLS constantly lowers the labor force participation rate as more and more people "drop out" of the labor force for one reason or another

[link to www.zerohedge.com]
Anonymous Coward
User ID: 8519878
Australia
01/09/2012 07:38 PM
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Re: Real Jobless Rate Is 11.4% With Realistic Labor Force Participation Rate
But that's the definition of labor force participation rate. If they "drop out", they aren't part of the labor force, so they aren't unemployed.