What would the unemployment rate be if those 88.8 million people suddenly started to look for work again?

U.S. employers added 146,000 jobs in November, decreasing the unemployment rate from 7.9 percent to 7.7 percent.

However, this number is due mainly to a decrease in the labor force participation rate, which “declined by 0.2% to 63.6% once again, as the number of people out of the labor increased by over 540K to 88,883,000,” Zero Hedge notes.

Unemployment Rate Falls to 7.7 Percent