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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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

You can email Jim Hoft here, and read more of Jim Hoft's articles here.

 

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