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: