Obama’s new math. US unemployment has supposedly dropped to 5.9%. While 29% of the workforce remains out of work and out of the labor force.
While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010:
the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% – the lowest in over 36 years, matching the February 1978 lows.
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The Most Revolutionary Act 
Hi Doc – administrations having been playing with that trick for years. If you give up looking for work because you can’t find any job worth taking, they stop counting you. All other things being equal, the unemployment rate goes down. Fun with statistics.
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It’s also really interesting that unemployment drops right before and election.
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Having witnessed the offshoring of corporate manufacturing to Asian shores as a business plan and institutional strategy, over the decades, I have interpreted financial professional’s comments that power is shifting “from West to East” as a plan being implemented:
Global Monetary Reset With China’s Leadership?
Yet, the intentional obfuscation of job loss continues…
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Great video clip. Thanks for sharing.
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