DISASTER: Nearly One Million Drop from Labor Force in October – Lowest Participation Rate Since Carter
The unemployment rate rose to 7.3% in October.
The US labor force participation rate, plunged from 63.2% to 62.8% in October. Zero Hedge added that the number of people not in the labor force exploded by nearly 1 million, or 932,000 to be exact, in just the month of October.
It is the lowest participation rate since 1978 – during the Carter years.
Barack Obama is the worst jobs president since the Great Depression.
More… 15.9% of #Millennials were out of work in October.
1.8 million were not even counted because they stopped looking.