How did we really get to an 8.3% unemployment rate for January 2012? Very simple math, which, of course, the Bureau of Labor Statistics (BLS) will not tell you nor the media. For January 2012, the NFP (Non-Farm Payroll) increased by 253,000, but 1,200,000 individuals dropped out of the labor force because of, you guessed it, no work. There you have it. If you drop out of the labor force, you are no longer an individual nor a statistic according to our government. And, to make matters worse, the "Labor Force Participation" as a percentage of the total available "Labor Pool" is at a 30-year low of 63.7%.
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