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Many have been looking forward to today, due to it being “Jobs Friday.” Now the numbers are in, lower than many expected. Speaking of lower, have you seen how low the “Participation Rate” is? It’s the lowest rate in 30-Years!
The participation rate refers to the number of people who are either employed or are actively looking for work. The awesome chart above chart comes from Global Financial Data .
Joe Friday….Since the early 1970’s the unemployment rate and participation rate have never been in sync together....TO THE DOWNSIDE! Is this one of the goofy outcomes of the Fed’s QE programs?
The Participation rate tanking is an important fact!
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The Velocity of money has been tanking since 2000 and so has the participation rate. Does the direction of these two reflect what is going on behind the scenes despite the stock market being at all-time highs? Could this impact the idea of the taper???
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