Barack or Barry Obama? Meet Slick Barry. 

Facebook Twitter Gplus YouTube
 
 
Home » Slick Barry Obama » Number of Americans Not in Labor Force at All Time High
formats

Number of Americans Not in Labor Force at All Time High

NFP Big Miss: 120K, Expectations 205K, Unemployment 8.2%, “Not In Labor Force” At New All Time High

By Tyler Durden at Zero Hedge

March NFP big miss at just 120K. Unemployment rate declines from 8.3% to 8.2%. Futures slide, for at least a few minutes before the NEW QE TM rumor starts spreading. The household survey actually posted a decline in March from 142,065 to 142,034. Considering Birth Death added 90K to the NSA number, the actual number was almost unchanged. And as always, as we predicted when Goldman hiked its NFP forecast yesterday from 175K to 200K saying “if Goldman’s recent predictive track record is any indication, tomorrow’s NFP will be a disaster”, Goldie once again skewers everyone. Finally, Joe LaVorgna’s +250,000 forecast was just 100% off… as usual.

The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000.

Birth Death:

 
© Slick Barry Obama: Why Barry Obama Became Barack
credit