All you need to know about today’s NFP Report: U-6 Not Seasonally Adjusted SURGES higher 0.8% | Shenandoah

The chart below is all you need to know about today’s report. Non-seasonally adjusted U-6 surged from 14.3% in May to 15.1% in June. Add that in with the total lack of job creation and the second wave of the “Great” recession appears to be right over the horizon.

via Shenandoah

People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981 | ZeroHedge

It is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to88,419,000. This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%… via ZeroHedge.

or, from Heritage.org:

and see here from Peter Schiff at RT:

Propaganda continues as part time jobs make up large portion of today’s job report | The Daily Economist

When an economy is bad, one usually has to dredge the bottom of the barrel to find statistics they can refinish and make look like good ones. That appears to be the case with today’s jobs report as not only did 1.2 million Americans fall off the benefits roll to no longer be considered… well, alive to the government, but it now appears that the propaganda of a new 8.3% unemployment rate is made up of record levels of part time workers…. via The Daily Economist

I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? | EconomicCollapseBlog

… A closer look at the numbers reveals just how fraudulent these employment statistics really are. Between December 2011 and January 2012, the number of Americans “not in the labor force” increased by a whopping 1.2 million.  That was the largest increase ever in that category for a single month.  That is how the federal government is getting the unemployment rate to go down.  The government is simply pretending that huge numbers of unemployed Americans don’t want to be part of the labor force anymore...” via Economic Collapse

Explaining Yesterday’s Seasonally Adjusted Nonfarm Payroll “Beat” | ZeroHedge

… the end result is that in January, those “not in the labor force” did in fact rise by 1.2 million whether compared to December or to 2011 – please, go ahead and check as many times as needed, and the labor force participation rate dropped to a new 30 year low of 63.7%, a number which incidentally only has to drop by 5% more percent for the BLS to report zero, or even a negative, unemployment rate.

via ZeroHedge.

Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low | ZeroHedge

A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that’s not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation. As for the quality of jobs, as withholding taxes roll over Year over year, it can only mean that the US is replacing high paying FIRE jobs with low paying construction and manufacturing. So much for the improvement….

via  ZeroHedge.