Employment Report: 1 Million Left The Labor Force in April

Let`s get beneath the surface of the unemployment rate dropping to 6.3 percent. How did that happen?

Well, almost a million people left the labor force in the month of April. A million people! It`s the biggest exodus in 1 month since they beta keeping records. Now if the economy was so good, why did so many people leave the labor force in April?

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Video: Minimum Wage & Vanishing Jobs

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

U.S. Economy: There's No Evidence Of A Recovery

Everybody is talking about the recovery, but there's no evidence of a recovery - except that the Fed says there is a recovery.

Related ETFs: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.