thereisnospoon
Gold Member
Hey genius. Retirees are not counted in labor participation rate. They are RETIRED....God Dammit you are fucking dense.That was my claim.Can't have it both ways. BTW 60% of all US Workers are employed by small business. That is employers of less than 100 people. One other thing. IN spite of your sycophantic feelings toward Obama, there is one certainty, the economy is cyclical. I just is. What goes up MUST come down. And of course the opposite is true.Reagan is dead
Obiwan's link destroyed your OP
and
Job numbers are still a negative net
Job numbers negative net? lol
Deal with it.
WTF? You dumbass, YOU claimed a net job loss, nice dodge dumfuk!
Cyclical? lol
Can you spell Labor Participation Rate?
Where Are All the Workers?
WOOHOO, THE WORDS THAT NEVER ONCE CAME OUT OF GOPer/CONServatives MOUTH UNTIL 2010, LFP
LOL
Retirement Among Baby Boomers Contributing To Shrinking Labor Force. According to The Washington Post, many economists agree the shrinking labor force participation rate is largely explained by a demographic shift, wherein "baby boomers are starting to retire en masse":
Demographics have always played a big role in the rise and fall of the labor force. Between 1960 and 2000, the labor force in the United States surged from 59 percent to a peak of 67.3 percent. That was largely due to the fact that more women were entering the labor force while improvements in health and information technology allowed Americans to work more years.
But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring. Because of this, the Federal Reserve Bank of Chicago expects the labor force participation rate to be lower in 2020 than it is today, regardless of how well the economy does.
In a March report titled "Dispelling an Urban Legend," Dean Maki, an economist at Barclays Capital, found that demographics accounted for a majority of the drop in the participation rate since 2002
The incredible shrinking labor force