Forget the reported unemployment rate figures – that propaganda does not tell the true labor story as it does not contemplate unemployed workers who are no longer trying to find employment. A better measure of the labor market (as TEK2day readers know), is the Civilian Labor Force Participation Rate. This measure stood at 61.6% in October, flat with September and down from 61.7% in August. Weak labor force participation, record Public and Corporate debt levels combined with a rapidly expanding money supply (i.e. “inflation”), does not bode well for the U.S. economy in Real GDP terms in the short-to-intermediate term.
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