Breitbart.com posted an article today about the June jobs report. Most of the mainstream media is trumpeting the fact that 237,000 jobs were created in June. That is good, but what they fail to mention is that the civilian labor force shrank by 432,000.

The article reports:

The labor force participation rate also decreased 0.3 percent from last month to 62.6 percent.

The country has not seen a labor force participation rate that low since October 1977 when the participation rate was 62.4 percent.

The BLS reports that the civilian labor force also shrank by 432,000 in June, from 157,469,000 in May to 157,037,000 in June.

While people dropped out of the workforce the BLS (Bureau of Labor Statistics) highlighted that the unemployment rate declined to 5.3 percent and payroll jobs increased by 223,000.

The number of people who dropped out of the labor force was higher than the number of jobs created. That is not a good thing.