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Labor Force Participation Rate down to a 38 year low of 62.6% Last year that this number was this low was in Sept of 1977. Glad I was still in college then. The jobs they say they created in April and May were actually 60K less after adjustment. Individuals in the labor force decreased 432K. 56K fewer people employed and don't give me the baby boomer retirement spiel or I will go bonkers on you with facts...no change in hours worked or wages in forever now. If you are in the service industry, the outlook seems to be good. Otherwise, I simply for the life of me cannot see anything rosey in this report.
I heard Rush said this past week that he has not witnessed such an uninformed electorate as we have now in his entire career. And I have a hunch....only mine...This summer i have witnessed an explosion of patients, both teenagers and adults, precribed anti anxiety/depression meds. I will not go further into what these drugs are capable of, but suffice it to say, that it would not be far-fetched to link Rush's observation with the doses of these potent medications that are now effortlessly prescribed.
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