SOMEHOW 1.2 MILLION PEOPLE LEFT THE LABOR FORCE

newsletter_placeholder

SOMEHOW 1.2 MILLION PEOPLE LEFT THE LABOR FORCE

Last month, I jokingly said that I could make the unemployment rate drop to 7% overnight. Just take a few million people out of the labor force. Well…in this latest report, somehow 1.2 million people left the labor force…taking the unemployment rate even lower. I will let you decide if there is political shenanigans going on. I just know know that logically, if things were actually getting much better, more people get back INTO the labor force…not the other way around. 

Check this out:

Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low | Z

Gary Kaltbaum

Published by Gary Kaltbaum


Reply

Your email address will not be published. Required fields are marked *

Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

Main Navigation