Baby Boom begining to retire

[Truthmatters]

Drop in U.S. Jobless Rate Sign of Demo Shift - Bloomberg


The drop in U.S. unemployment so far this year may be an early glimpse of what’s to come as the workforce ages.

The jobless rate, which was 9.4 percent in December 2010, declined to 8.6 percent last month, according to Labor Department data issued Dec. 2. The report also showed payrolls have climbed by 132,000 a month on average in 2011, around the pace most economists say would keep the rate stable as the population grows.

At play is a decline in the share of the working-age population, known as the participation rate, meaning that the economy needs to create fewer jobs to bring down unemployment. While some of the decrease has been caused by discouraged workers dropping out of the labor force, another driver is that the baby-boom generation is starting to move into retirement, according to economist Dean Maki.

“Demographic forces are the single biggest factor pushing the participation rate down,” said Maki, chief U.S. economist at Barclays Capital Inc. in New York and a former economist at the Federal Reserve. “This is a bit of a slow-moving drama but it’s likely to become more important in coming years.”

 

[Warrior102]

Does this effect your position at MacDonald's ?

If not, Supersize my #3, dingbat.

 

[Truthmatters]

ah the worlds most unhappy man, good morning sunshine

 

[Warrior102]

ah the worlds most unhappy man, good morning sunshine

Good morning stupid.

 

[Two Thumbs]

So the left is banking on boomers retiring to bring UE down?




If this had any depth, there wouldn't be a bunch of Pee partiers mucking up my local library right now.

 

[Douger]

ah the worlds most unhappy man, good morning sunshine

Cut him some slack. Guessing at a 30-32 degree rake on the scoot, he B about 5'7".Shit Happens.

 

[Truthmatters]

he certainly hates the world and the facts that make it up

 

[Truthmatters]

So the left is banking on boomers retiring to bring UE down?




If this had any depth, there wouldn't be a bunch of Pee partiers mucking up my local library right now.

dear litttle man , there are people who can contemplate many pieces of information and see how they all revolve arround each other and create a bigger indication of what the future will hold.

You are not one of them.

You seem to be only able to deal with one scrap of information at a time and seem to believe these bits of information happen in a vacume.

This is not the only factor effecting the outcomes.

There are many and many of them are pointing to a much better year for Americans next year.

Im sorry that you dont like the fact it will be a much better year for Americans next year.

 

[Truthmatters]

The baby boom will retire at increasing paces.

This will open up the job market every year for a decade to come.

 

[Douger]

The baby boom will retire at increasing paces.

This will open up the job market every year for a decade to come.

I don't understand how. The majority have underwater mortgages, don't have shit saved up, and SS,on average, wouldn't even pay for a decent monthly bar tab.

 

[Big Black Dog]

Mrs. BBD gets her first social security check next Wednesday.

 

[Douger]

Mrs. BBD gets her first social security check next Wednesday.

If you don't owe anyone a nickel and you get one too, you might do OK.
I recommend a semi-warm climate and a good sized garden.

 

[expat_panama]

...“Demographic forces are the single biggest factor pushing the participation rate down,”...

That's where the tour group went from Sciencefact into Fantasyland. While it's true the workforce has a huge demographic post-war bulge the "biggest factor pushing the participation rate down" is clearly the economy, not demographics. It's obvious by comparing the demo numbers to the econ numbers--

--and seeing how the workforce ages gradually over decades while the participation rate leaps and falls in just months because of business/political shocks.

 

[spectrumc01]

Too bad for the US and the rest of the people living here. As it has been stated we cannot afford a welfare state any longer. There have got to be cuts...The problem is....the Boomers will give up NOTHING!!!EVER!!! Medicade and Medicare will stay right as they are, why? The boomers will be entitled to them now. That goes for Social Security as well. As selfish and self centered as they are, the spoiled brats are willing to make their children and grand children pay all the costs for them. Just like their parents did for them the first part of their lives.

What this will do for jobs is absolutely nothing. The elderly will still be greeting you when you go to Wal-Mart, and they will still be checking you out at the register. These elderly are me and the rest of the American population who is getting screwed by the poor and the wealthy. The Boomers make up the wealthy and their grandchildren make up the poor.
Jobs my a$$. Kids have a hard time finding summer employment because the elderly are forced to work after retirement because SS and Medicade don't cover their expenses.