Sgt Staples
Mayor
The unemployment rate fell to 6.7% in December, but the drop came mainly from workers leaving the labor force.
Only 62.8% of the adult population is participating in the labor market now -- meaning they either have a job or are looking for one. That matches the lowest level since 1978, when the population was much smaller.
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Unemployment dropped to 6.7 percent because 525,000 additional unemployed adults were discouraged and did not seek a job," said University of Maryland economics Professor Peter Morici.
A total of only 74,000 jobs were created in December, leaving a NET LOSS OF 451,000 jobs.
Read more: http://www.upi.com/Business_News/2014/01/10/US-unemployment-rate-drops-to-67-percent/UPI-81341389361031/#ixzz2q0kivZ9a
If this trend, which has been occurring over the last 5 years continues, the economic collapse that I predicted will indeed occur. It may not happen at the exact time I predicted, but it will happen
Only 62.8% of the adult population is participating in the labor market now -- meaning they either have a job or are looking for one. That matches the lowest level since 1978, when the population was much smaller.
"
Unemployment dropped to 6.7 percent because 525,000 additional unemployed adults were discouraged and did not seek a job," said University of Maryland economics Professor Peter Morici.
A total of only 74,000 jobs were created in December, leaving a NET LOSS OF 451,000 jobs.
Read more: http://www.upi.com/Business_News/2014/01/10/US-unemployment-rate-drops-to-67-percent/UPI-81341389361031/#ixzz2q0kivZ9a
If this trend, which has been occurring over the last 5 years continues, the economic collapse that I predicted will indeed occur. It may not happen at the exact time I predicted, but it will happen