One Million People Dropped Out Of Labor Force In April: Participation Rate Plummets To Lowest Since 1978

One Million People Dropped Out Of Labor Force In April: Participation Rate Plummets To Lowest Since 1978 | Zero Hedge:

And so the BLS is back to its old data fudging, because while the Establishment Survey job number was a whopper, and the biggest monthly addition since January 2012, the Household Survey showed an actual decline of 73K jobs.

What is much worse, is that the reason the unemployment rate tumbled is well-known:
it was entirely due to the number of Americans dropping out of the labor force.
To wit, the labor force participation rate crashed from 63.2% to 62.8%, trying for lowest since January 1978! 
.....End result: the number out of the labor force is now an all time high 92 million, and the labor force tumbled by 800K to 155.4 million from 156.2 million.....