Unemployment INCREASES by 849,000 persons from Dec.2011 to Jan.2012 (school, economy, government)
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As is explained in another thread, some large number of those are people who retired, teens/young adults who went back to school full-time and/or (people) who were just working for the holiday season.
It would be nice if he also posted the number of state and local employees being laid off due to cutting big government.
And we have had numerous articles about how boomers could NOT retire because they lost so much value in their 401K and homes and are not retiring.
So which is it ?
Just this past November a poll showed that 73% of boomers will work past retirement age (65) nevermind leave the workforce at 55 as the BLS reports.
Poll finds more boomers working past retirement - Yahoo! News
The Associated Press-LifeGoesStrong.com poll found a baby boom generation planning to work into retirement years — with 73 percent planning to work past retirement, up from 67 percent this spring.
The average unemployment period for those 55 and older was 45 weeks in November. That's 12 weeks longer than for younger job-seekers. It's also more than double the 20-week period this group faced at the beginning of the recession in December 2007.
Read more on Newsmax.com: 10,000 Boomers to Retire Each Day for 19 Years
Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!
Some are working longer, but many are getting laid off whether they like it or not, and forced into retirement. Read the article. One man had to retire at 62 because he lost his job.
Are 10,000 quitting every day? No. Are a majority of them retiring every day? Yep.
The average unemployment period for those 55 and older was 45 weeks in November. That's 12 weeks longer than for younger job-seekers. It's also more than double the 20-week period this group faced at the beginning of the recession in December 2007.
Read more on Newsmax.com: 10,000 Boomers to Retire Each Day for 19 Years
Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!
Some are working longer, but many are getting laid off whether they like it or not, and forced into retirement. Read the article. One man had to retire at 62 because he lost his job.
Are 10,000 quitting every day? No. Are a majority of them retiring every day? Yep.
62 I can see..but 55 ? Unless you have a beefed up 401K there's nothing you can get at 55. But the BLS is counting 55 and older for the declining participation rate. And the BLS did not say because they are retiring.
62 I can see..but 55 ? Unless you have a beefed up 401K there's nothing you can get at 55. But the BLS is counting 55 and older for the declining participation rate. And the BLS did not say because they are retiring.
In an AARP poll of people hitting 65 this year, Cone says, 40 percent have no intention of retiring.
I just linked an AP poll and you just linked an AARP poll.
Both are drastically different. Do you not see that ?
Neither are FACTS. They are polls.
Its a FACT that people are turning 65 at a rate of 10,000 people per day.
If the poll holds true, then 60% of them, 6,000 people are retiring daily.
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