More than half a million dropping out of the labor force

http://www.mybudget360.com/labor-force-not-in-labor-force-half-a-million-drop-out-retirement/

The latest employment report was a complete disaster.  The only reason the unemployment rate remained unchanged was because a stunning 579,000 people dropped out of the labor force in one month.  We now have a record 94.6 million Americans categorized as not being in the labor force.  This massive drop cannot be explained by the weak narrative that many people are simply entering retirement.  We’ve already gone into great detail how retirement is a pipedream for many and the new retirement plan for many older Americans is working until the wheels go flying off.  To demonstrate how insane the stock market is, there was a surge because now market players sense that the Fed is going to continue its low rate policy that essentially keeps distorted interest rates going.  What we are witnessing in the employment market is simply statistical shenanigans that even the public doesn’t believe anymore.