Unemployment Rate Dips to 5.8% One in Five Jobs Created in Food Service Industry — Labor Participation Rate 62.8%

Hillary Clinton EconomyDemocrat Economics 101

(FOX Business) The jobless rate dipped to 5.8% with news that the  economy added 214,000 jobs in October–well below Economists expectations of 231,000 jobs–1 in 5 new jobs created in October were in the food service industry according to Zero Hedge with wages remaining unimpressively flat. 

U.S. Labor Participation rate holds steady at an historic 36 year high of 62.8% according to the Bureau of Labor Statistics–Black unemployment remains at double digit highs of 10.9% nearly double the national average, now 6 years into the Obama presidency.

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Obama’s Watch: China Becomes Worlds Largest Economy Putting U.S. in 2nd Place First Time in 142 Years

Reaganomics -v- ObamanomicsReaganomics -v- Obamanomics Explained –Soquel by the Creek

(Daily Mail) China has toppled the United States to become the worlds largest economy according to figures from the Intl Monetary Fund (IMF) the United States had been the global economic performance leader since it overtook Britain in 1872

The latest IMF figures show the China regime economy is worth $17.61 Trillion compared to $17.4 Trillion for the United States.

H/T: Weasel Zippers

Labor Participation Rate Takes Another Hit, Drops to New 36 Year Low of 62.7%

Labor Participation Rate(Zero Hedge) While Obama and Democrats have been cheering the alleged drop in the unemployment rate today to 5.9% what they fail to mention, is more important for Americans attempting to find a job.

On Friday, the Bureau of Labor Statistics reports that the ‘Labor Participation Rate’ has taken another hit falling from 62.8% to 62.7% the lowest level in 36 years–matching a rate when another Democrat, Jimmy Carter was President in February 1978

What is equally disturbing is that the number of Americans not in the labor force rose to a new record high–increasing by 315,000 to 92.6 Million

If that isn’t bad enough, in related economic news, CNS News reports the number of Women not in the labor force increased from 55,345,000 in August to 55,553,000 in September–an increase of 208,000