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 - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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