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.
participation rate chart fail
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.

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