{"id":23469,"date":"2013-04-05T12:43:11","date_gmt":"2013-04-05T16:43:11","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=23469"},"modified":"2016-09-20T13:53:18","modified_gmt":"2016-09-20T17:53:18","slug":"the-employment-number-labor-participation-rate-masks-real-rate","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2013\/04\/05\/the-employment-number-labor-participation-rate-masks-real-rate\/","title":{"rendered":"The Employment Number &#8211; Labor Participation Rate Masks Real Rate"},"content":{"rendered":"<p>By now, we all know that the rate of unemployment in the U.S. is skewed by the fact that fewer people are in the workforce. So the 7.6% will look good for headlines over the weekend, but the fact is that the big miss on jobs added (88,000 vs. 190,000) is going to be more important to investors over the next few weeks.<\/p>\n<p>With some of the recent economic reports showing deterioration, the <!--more-->earnings season will open next week with a gray cloud hanging overhead.<\/p>\n<p>As we <a title=\"What Does The Employment Report Have In Store for Tomorrow?\" href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/2013\/04\/04\/what-does-the-employment-report-have-in-store-for-tomorrow\/\"><strong>wrote about yesterday<\/strong><\/a>, the ADP payrolls report has been tracking the BLS pretty well lately.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" alt=\"emp1\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/emp1-1.jpg\" width=\"554\" height=\"327\" \/><\/p>\n<p style=\"text-align: center;\">Again, take a look at the recent trend for the labor participation rate &#8211; it is clear why the unemployment rate is dropping.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"emp3\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/emp3-1.jpg\" width=\"538\" height=\"321\" \/><\/p>\n<p style=\"text-align: center;\">Since 2009 more than a 2% drop &#8211; equates to somewhere around 500,000 fewer people in the workforce.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-23470\" alt=\"emp4\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/emp4-1.jpg\" width=\"542\" height=\"327\" \/> \u00a0 <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-23472\" alt=\"emp2\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2013\/04\/emp2-1.jpg\" width=\"534\" height=\"327\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By now, we all know that the rate of unemployment in the U.S. is skewed by the fact that fewer people are in the workforce. So the 7.6% will look good for headlines over the weekend, but the fact is that the big miss on jobs added (88,000 vs. 190,000) is going to be more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5],"tags":[481],"class_list":["post-23469","post","type-post","status-publish","format-standard","hentry","category-economy","tag-economy","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/23469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=23469"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/23469\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=23469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=23469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=23469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}