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Spengler

Labor Force Disappears in Obama’s Depression

May 6th, 2012 - 11:49 am

And for African-Americans, the labor force participation rate is only 60%.

FRED Graph

The official unemployment rate is 8.1%. Include so-called discouraged workers, and it jumps to 15%. And if we include so-called long-term discouraged workers, the part of the adult working-age population that simply has disappeared from the labor force, it jumps to 22%, according to the website Shadow Government Statistics:

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