H McKee Stewart Jr

Musings on Business, Finance, and Economcs.

All I Want for Christmas is My Two Front Teeth….

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And some radical improvements in the Labor Force Participation rate.

Mostly stable from 2004 up to 2009 around 66%, the trend since then has been strictly tanksville, now around 64%. People dropping out of the work force exacerbates just about every economic problem we have – tax revenues, transfer payments, consumer spending and confidence, savings rates, etc.

It also renders most of the reporting on unemployment statistics into two categories: misleading or meaningless.

If you really want the hair on the back of your neck to stand on end, check out the SGS numbers as well as the official U-6 unemployment rates compared to the U-3 rates….

 

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Written by hmstewartjr

23 December 2011 at 9:58 PM

Posted in Uncategorized

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