HAPPY FRIDAY! "A far more disturbing number (in Table A-1 of today’s BLS release) shows that 'persons not in the labor force' increased by about 840,000 between November and December, from 83,022,000 to 83,865,000. That’s seasonally-adjusted; unadjusted, the number is closer to a million... What happened to the million Americans who went missing from the BLS definition of the labor force in the single month of December? They are the 'long-term discouraged' or whatever, those whose prospects of finding a job are so poor that they have stopped looking." [Asia Times via Clusterstock]


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