There is no good news in the October employment numbers.
From Zero Hedge:
Whopping 932,000 Americans Drop Out Of Labor Force In October; Participation Rate Drops To Fresh 35 Year Low
The only two charts that matter from today's distroted nonfarm payrolls report.
First, the labor force participation rate, which plunged from 63.2% to 62.8% - the lowest since 1978!
But more importantly, the number of people not in the labor force exploded by nearly 1 million, or 932,000 to be exact, in just the month of October, to a record 91.5 million Americans!
I really feel our great country is at risk of sustaining long-term, if not permanent, damage from having Obama at the helm for eight years.
I blame all those self-professed conservatives who sat out the 2012 election. Way to wreck the country! Way to go!
