In what was an "unambiguously" unpleasant April jobs payrolls report, with a March revision dragging that month's job gain to the lowest level since June of 2012, the fact that the number of Americans not in the labor force rose once again, this time to 93,194K from 93,175K, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called "market" which continues to reflect nothing but central bank liquidity, and thus - the accelerating deterioration of the broader economy.
End result: with the civilian employment to population ratio unchanged from last month at 59.3%, one can easily on the chart below why there will be no broad wage growth any time soon, which will merely allow the Fed to engage in its failed policies for a long, long time.
In April There Were 26 Waiters And Bartenders For Every Manufacturing Job Added
www.zerohedge.com/news/2015-05-08/april-there-were-26-waiters-and-bartenders-every-manufacturing-job-added
Dismal Data Delivers Stock-Buying Frenzy
http://www.zerohedge.com/news/2015-05-08/dismal-data-delivers-stock-buying-frenzy
April Payrolls Miss At 223K, March Revised Much Lower, Wage Growth Disappoints Again
http://www.zerohedge.com/news/2015-05-08/april-payrolls-miss-223k-march-revised-much-lower-wage-gorwth-disappoints-again
Old Workers Hit New All Time High As All April Jobs Go To The "55 And Older"
http://www.zerohedge.com/news/2015-05-08/old-workers-hit-new-all-time-high-all-april-jobs-go-55-and-older
The Reason Why There Is No Wage Growth For 83% Of US Workers
http://www.zerohedge.com/news/2015-05-08/reason-why-there-no-wage-growth-83-us-workers
http://www.rushlimbaugh.com/daily/2015/05/08/cnn_infobabes_struggle_to_understand_the_labor_force_participation_rate
http://www.rushlimbaugh.com/daily/2015/05/08/cnn_infobabes_struggle_to_understand_the_labor_force_participation_rate
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