Phony jobs numbers

  We discussed yesterday the phony unemployment rate. The non-partisan Labor Department simply changes the equation to jimmy the numbers to get them where they want them.
  Then when the favorable unemployment number comes out, a few days later they revise it upward when no one's watching.
  Zero Hedge notes that so many people have dropped off the radar screen of employment that the situation is unlike any previously seen in history:

it is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000.  This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.

  Charts are over at Zero Hedge. 
  Politico via Weasel Zippers says this:

Politico’s Mike Allen: “One of the things that those hundreds of young people in the Chicago headquarters do is create viral pieces of content for the web. Things that people will share. This is one that I think may be viral in the wrong way, that I think is a lot bigger on the Republican side, than it is on the Democratic side. The Life of Julia takes her from age 3 to age 67 and at every point along the way the government is giving her a hand.

  (Numbers are margin of error + or- 100,000; numbers will be seasonally adjusted; numbers are revised up or down weekly. Numbers are reaching through polling.)