Actual UI rate around 11.5%

http://www.zerohedge.com/news/implied-unemployment-rate-rises-115-spread-propaganda-number-surges-30-year-high


And no, labor participation rate isn’t falling due to an increased number of old people retiring.  The chart clearly shows that the elderly are actually INCREASINGLY entering the workforce (retirement requires working overtime I guess).

Chart provided by ZeroHedge.

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