It's Almost Recovery Summer Time.... Not!

Today's jobs report from the Bureau of Labor Statistics is dismal:

• Nonfarm payroll employment edged up in March (+88,000)
• Unemployment rate was little changed at 7.6 percent
• The civilian labor force declined by 496,000 over the month
• The labor force participation rate decreased by 0.2 percentage point to 63.3 percent.

So we added 88,000 jobs -- remembering that we have to add something like 150,000 just to keep up with population growth -- but nearly half a million people just dropped out of the labor force.   Don't want to work, can't find work, fuck it, staying home.  

We are stagnating after four years of massive Keynesian stimulus.   Time to try something new.