Did you see the Jobs number report on the latest report? Only 74,000 new jobs reported but the unemployment number drops from 7% down to 6.7%? Huh?
When you look at the Household Data on the Bureau of Labor Statistics and view the Participation Rate – there is the reason for the drop. In November the Participation Rate was 155,284 and December it dropped to 154,937. So unfortunately – the unemployment number is a bit incorrect. And our participation rate is as low as it was when the Bee Gee’s were rocking Stayin Alive around 1978!!
Time for the Government and the IRS to work together and find ways for Companies to start to bring manufacturing back to the USA!