Less Women are in the workforce
Additionally, the number of women holding jobs declined by 357,000 from September to October, and the unemployment rate increased for women from 6.7 percent to 6.9 percent.
In October, according to the BLS, the labor force participation rate for women was 56.9 percent, down from 57.1 percent in September and 57.3 percent in August.
– See more at: CNS News
And it is not much better for the rest of us as Labor force participation rate is at a 35 year low
The only two charts that matter from today’s distorted nonfarm payrolls report.
First, the labor force participation rate, which plunged from 63.2% to 62.8% – the lowest since 1978!
But more importantly, the number of people not in the labor force exploded by nearly 1 million, or 932,000 to be exact, in just the month of October, to a record 91.5 million Americans! This was the third highest monthly increase in people falling out of the labor force in US history.
Read More at Zero Hedge
And The BLS Numbers are a Bit Squirrely –
“The household survey is weird. It says unemployment only rose 0.1 percent to 7.3 percent,” even though 735,000 more people said they lost jobs, said Justin Wolfers, economics professor at the University of Michigan. He advised his Twitter followers to ignore the household survey which contains the unemployment figures and focus on the survey of businesses, which contains the figures on new payroll jobs.