The incredible shrinking labor force

The BLS is engaging in the customary statistical shenanigans to produce an artificially low unemployment rate. Zerohedge explains:

While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% – the lowest in over 36 years, matching the February 1978 lows. And while according to the Household Survey, 232,000 people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million!

In other words, if the BLS wasn’t monkeying with the labor force participation rate but left it at the peak level from 1998 to 2000, the unemployment rate would be 11.7 percent. Instead, we are expected to believe that in a disinflationary economy, people are actually LESS interested in working.