Monday, May 5, 2014

Largest exodus from labor force

Last month April, almost a million Americans left the labor force in one month. I think that's the largest exodus from the labor force since they began keeping the statistics.

Better than 80 percent of them potentially were just made up by the government because over 240,000 of the jobs were the result of the birth-death assumptions where the government simply assumes that new businesses were created in April and that they hired people.