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U6 unemployment has barely budged under Obama. Democrats didn't put us in this mess, but they sure as hell aren't getting us out of it. We might need some big changes come 2014 mid term elections.
Persons not in the labor force by desire and availability for work, age, and sex
If you look at the footnotes this doesn't even make sense.
Why would you lump 2 opposing groups?
Look at (1), the largest group. Do not want a job and want a job, both reference this footnote.
Then read the footnote. (1) Includes some persons who are not asked if they want a job.
Very unclear.
The SS monthly snapshot only showed a 10,000 increase in SS recipients between May 2013 and June 2013.
I only looked at SS, not the other variants.
That kinda backs up what you've posted.
The talking head keep telling us the decrease is due to everyone retiring yet the numbers don't back that up.
Yeah, but SS isn't really relevant for LPR. This gets dug up to further gray the hard numbers and the Boomer myth.
Baby boomers are getting pretty old so something like that will happen slowly between now and 2030
And you post that nonsense despite already knowing that is false.
#1 The Employment Participation rate for 25 to 54 year olds is bouncing down to and near all time lows since 1984. This has gotten worse since Obama declared the recovery began.
And you post that nonsense despite already knowing that is false.
#1 The Employment Participation rate for 25 to 54 year olds is bouncing down to and near all time lows since 1984. This has gotten worse since Obama declared the recovery began.
#2 There are more people turning 25 than 65.
And there are more people turning 25 who are #1) In the military, #2) Having babies, and #3) Going to college, than there are people turning 65 who are #1) In the military, #2) Having babies, and #3) Going to college - ALL of which some folks do INSTEAD of joining the civilian workforce.
That is what happens when people are removed from the labor force, even the U6 number no longer counts them any more. The number of officially unemployed fell by 263,000 to 11.5 million in July, while 240,000 people dropped out of the labor market.
33,000 people give birth each month.
Think they might drop out of the labor market to do so?
Hmmmmmmm
300,000 people turn 65 each month.
Think they might be dropping out of the labor market to retire?
Hmmmmmmm
It wouldn't take too many of those 2 groups to EASILY account for "240,000 people dropp(ing) out of the labor market".
And there are more people turning 25 who are #1) In the military, #2) Having babies, and #3) Going to college, than there are people turning 65 who are #1) In the military, #2) Having babies, and #3) Going to college - ALL of which some folks do INSTEAD of joining the civilian workforce.
Ken
Sweet Emoticon.
#1) Military soldiers do not count against the labor participation rate. #2) You can have babies and participate in labor. #3) If you are in college you are factored out of the labor participation rate.
So if we have more soldiers today or more in college...it would not inherently lower the labor participation rate...as they are not considered part of the population that they measure...neither are the elderly.
25 to 54 year olds...lowest labor participation rate since 1984 and it has gotten noticeably worse since Obama declared mission accomplished - err the recovery began.
33,000 people give birth each month.
Think they might drop out of the labor market to do so?
Hmmmmmmm
300,000 people turn 65 each month.
Think they might be dropping out of the labor market to retire?
Hmmmmmmm
It wouldn't take too many of those 2 groups to EASILY account for "240,000 people dropp(ing) out of the labor market".
Ken
Wrong, Ken, the 33k each month return 6-12 weeks later, hence that represents no net change in available labor. The same quantity return as leave, again and again.
Retirees are working past 65 regularly. It is not 1980 anymore.
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