(NY Daily News) Its headline and teaser paragraph would seem to be good news:
U.S. unemployment plunges in April to (6.3%) lowest level since Sept 2008 as employers added 288,000 jobs, the most in two years.
If that was all the further a naive person would be interested in knowing, Friday’s employment data would otherwise be good news but what the NY Daily News didn’t report, would seem to be more important than what they did.
According to Market Watch some 806,000 people dropped out of the labor force and the U.S. labor force participation rate falls to 62.8% in April according to the Dept of Labor–Bureau of Labor Statistics, the lowest level in 35 years unseen since Jimmy Carter was president.
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