...And the labour force participation rate reaches 1979 levels.
A record 89,967,000 Americans were not in the labor force in March, according to the Bureau of Labor Statistics. That is an increase of 663,000 from the 89,304,000 Americans who were not in the labor force in February.How long can this last, you wonder? How long before the cracks become too big to plug
Since President Barack Obama was first inaugurated in January 2009, 9,460,000 people have dropped out of the labor force.
In keeping with the increase in the number of people not in the labor force, the labor force participation rate decreased from 63.5 percent in February to 63.3 percent in March. The labor force participation rate is the percentage of Americans in the civilian population over age 16 who did not have a job or seek a job during the month.
In January 2009, when Obama was first inaugurated, there were 80,507,000 people not in the labor force compared to the 89,967,000 who were not in the labor force in March.
And ITZ continues on its merry way, too:
Complaining about the weather has reached epidemic proportions in northern Germany this "spring." And with good reason. With Easter just around the corner, meteorologists are telling us this could end up being the coldest March in Berlin and its surroundings since records began in the 1880s.Wrap up well, folks.
High pressure system Jill and low pressure system Dieter have joined forces to torpedo an Easter full of the flowers and pastels we have come to expect. The average temperature in the northern German states of Berlin, Brandenburg and Saxony-Anhalt has been minus 2 degrees Celsius (28.4 degrees Fahrenheit) this month. If Jack Frost doesn't head back to Siberia soon, this March could break the record established in 1883, two years after records began.