From ZeroHedge: Curious why despite the huge miss in payrolls the unemployment rate tumbled from 7.0% to 6.7%? The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.
And the piece de resistance: Americans not in the labor force exploded higher by 535,000 to a new all time high 91.8 million.
http://www.zerohedge.com/news/2014-01-10/people-not-labor-force-soar-record-918-million-participation-rate-plunges-1978-level
And in our own neck of the woods, From the Las Vegas Sun:
Target says it will be shutting one store in Las Vegas and another in North Las Vegas in early May.
The company says the two stores are among eight locations across the country that are being eliminated after Target reviewed each site's financial performance. http://www.lasvegassun.com/news/2014/jan/10/target-shuttering-2-las-vegas-area-stores-may/
No, the Obama economy still sucks and it will continue to suck until Obama, most Democrats and yes, most Republicans are out of office.
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