NEW YORK ( ETF Expert) -- I genuinely expected the primary media outlets to spin the 7.6% unemployment rate as cause for celebration. Instead, many finally chose to explain the reality behind employment in America; that is, the number of potential employees in the labor force is at 63.3% -- the lowest percentage of workers in the workforce since 1979.Psychologically, it may feel better to hear that the unemployment rate is at its lowest level in four years. However, when 500,000 Americans stop working, cease looking for employment and are no longer accounted for in the official data, the creation of a mere 88,000 jobs will distort the true picture. In fact, I cannot recall a greater disconnect between one unemployment stat that trumpets sterling success (i.e., U-2 at 7.6%) and another that reflects dismal deterioration (i.e., labor force participation at 63.3%).
Jobs Report Bolsters Appeal of 'Low Vol' ETFs
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