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Graphic: Unemployment Drops to 8.3%

The monthly unemployment rate chart looks great...

The unemployment rate dropped to 8.3 percent in January.

Source: NPR via BLS.

...But the persons not in the labor force (and therefore not counted in the unemployment rate) tells a different story

The civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.

Source: Zero Hedge.

Leading to biggest percentage jump in persons not in the labor force in 30 years.

Biggest percentage jump in 30 years of 'Persons Not In Labor Force'

Source: Zero Hedge.

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