5.6% U3. 11% U6. Quite a difference. And lets not forget that the current labor force participation rate hovers in the 62% area. I wonder what the numbers would be if we added in all those who have gone from the labor force into the welfare force or underground economy or just live off theft and relatives? If the labor participation rate was at it's peak of 67% as it was in the 90's or up to 2004, the UE numbers would be drastically different.
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Today's Featured Article - Harvestin Hay: The Early Years (Part 2) - by Pat Browning. The summer of 1950 was the start of a new era in farming for our family. I was thirteen, and Kathy (my oldest sister) was seven. At this age, I believed tractor farming was the only way, hot stuff -- and given a chance I probably would have used the tractor, Dad's first, a 1936 Model "A" John Deere, to go bring in the cows! And I think Dad was ready for some automation too. And so it was that we acquired a good, used J. I. Case, wire tie hay baler. In addition to a person to drive th
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