I saw this amazing chart over at ZeroHedge.com. It shows the Labor Force Participation Rate in the U.S. for the last 30 years. It just hit a 30 year low. The number of people not in the labor force has now risen to 88,419,000. Those are two pretty amazing statistics and really make the government look retarded for touting the modest drops in the official unemployment rate. Check out the chart:
I guess I am a contributor to that drop that started accelerating around the beginning of 2002 because that’s when I exited the U.S. labor force. The drop has been really steep since 2008 and looks to be headed well lower. That can only accelerate the approaching financial collapse of the U.S. economy.