CHART OF THE DAY: THE COLLAPSING LABOR FORCE PARTICIPATION RATE

"As I mentioned earlier today, this morning’s job’s report was likely exactly what the market wanted to see. It’s the perfect mix of some growth, but not enough to spook the Fed. It’s horrible for Main Street, on the other hand, as the jobless figures remain staggeringly high. And of course, the mainstream media is spinning the 36,000 new jobs as a positive because the unemployment rate fell. Unfortunately, the reason for the decline is simple. The labor force participation rate is collapsing as job searchers simply give up and are deemed by the BLS as no longer being part of the workforce:..."

at http://pragcap.com/chart-of-the-day-the-collapsing-labor-force-participation-rate