Unemployment and labor and confusion..

So the unemployment rate has reached a 7 year low. Holy cow lets break out the Champagne and celebrate.

What? Wait? Why?

Let me look here a second.

Unemployment = 5.4% – Great

Labor participation rate = 69.45 Umm is that good or bad.

Let’s see, what exactly is the LPR? According to Investopidia it is: The participation rate refers to the number of people who are either employed or are actively looking for work. So is 69.45 good or bad. Well, ZeroHedge says, it’s “just above the lowest percentage since 1977”. Umm, that doesn’t sound good.

At this rate soon we will be at the lowest unemployment rate we’ve ever seen with the highest number of unemployed people ever seen. Interesting how that works.


Image from http://www.financialsense.com/


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s