The U.S. unemployment rate fell to 8.1 percent in April, but investors are quick to point out that much of this decline could be generated by a drop in labor force participation, not true jobs growth.
In fact, labor force participation hit 63.6 percent in April, down from 63.8 percent in March. That’s the lowest rate since 1981.
From expert Reuters chartist Scott Barber, this is what’s happened to labor force participation over the years:
- There Are 100 Million Working Age Americans That Do Not Have Jobs (theeconomiccollapseblog.com)
- Unemployment rate falls to 8.1% (640whlo.com)
- Lies, Damned Lies And Government Jobs Data – By Elizabeth MacDonald (thedaleygator.wordpress.com)