Oh BLS you slay me...

[DSAbug]

http://www.zerohedge.com/news/2013-...ment-rate-participation-rate-flat-1979-levels

Naturally they took down the PMs on this news and caused a short covering rally in the general market.

One side note though..

The Birth/Death adjustment was +192k for this report. In the revision for the previous month, they added +92k. So the employment numbers are actually pretty horrible still.

 

[pmbug]

Fundamentals?

 

[benjamen]

http://news.yahoo.com/forget-unempl...NhdANob21lfG9waW5pb24EcHQDc3RvcnlwYWdl;_ylv=3

"The glaring caveat to this jobs report is the huge number of Americans who remain out of the workforce. Called the "labor force participation rate" in wonkspeak, that number held steady in April at 63.3 percent—the lowest level since 1979."

"About 6.7 million people have stopped looking for work since late 2007, says Heidi Shierholz, an economist with the left-leaning think tank Economic Policy Institute. Roughly 3 million to 5 million of them left because they could not find jobs, economists estimate."

 

[mmerlinn]

"The glaring caveat to this jobs report is the huge number of Americans who remain out of the workforce. Called the "labor force participation rate" in wonkspeak, that number held steady in April at 63.3 percent—the lowest level since 1979."

The labor force participation rate is the ONLY meaningful indicator of joblessness. All other indicators are only eye-candy for the public and are totally meaningless.