932,000 disappear from labor force in a single month

Nov. 8, 2013, Fairfax, Va.—Americans for Limited Government President Nathan Mehrens today issued the following statement

“I hope that the jobs data reported by the Bureau of Labor Statistics is wrong, because if it is not, almost one million people abandoned the labor force in October.  This is not due to any short-term government shutdown, but a wholesale loss of hope that Americans have a future in the U.S. economic system.  To put this into perspective, there has not been this small of a percentage of people participating in the labor force since 1978. It is hard to imagine a more devastating report on the state of the current economy.

“Almost one million Americans gave up on the American dream.  The implications of this simple fact are unfathomably bad.  Let’s hope this report is an aberration, because if it is not, our nation is in even deeper trouble than anyone had imagined.”

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