Number of the day 88 million

Discussion in 'Education' started by bigrebnc1775, Feb 20, 2012.

  1. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    That's how many people in America who do not have a job nor are they looking for a job. But what's most interesting is thatthe labor force dropped to 63.7 percent last month, the lowest level since May 1983. According to SFGate.

    88 million out of work and not looking for a job
     
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  2. RebeccaAGray_85
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    RebeccaAGray_85 Rookie

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    Why are they dropping out of the job market completely? Do you think they are discouraged because they have been out of work for so long? or they are lazy?

    Or a combination of the two?
     
  3. Mr Clean
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    Mr Clean Gold Member

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    A lot of Baby Boomers are reaching retirement age.
     
  4. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Just because a person reaches retirement age does not mean they retired. So try again.


    As America's oldest baby boomers begin to ease into their 60s, most expect to delay retirement longer than their parents or grandparents.

    That's good, because many can't afford to stop working anytime soon.
    Many Baby Boomers Plan To Retire Late - CBS News
     
  5. rightwinger
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    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

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  6. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    And did you notice the labor force dropped to 63.7 percent last month, the lowest level since May 1983
     
  7. Dr Grump
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    Dr Grump Gold Member

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    Need more info to make a comment. No link to where they get their stats from or what that 88 million includes...
     
  8. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Last edited: Feb 23, 2012
  9. Zander
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    Zander Platinum Member

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    The labor force participation rate is at the lowest level since 1980- at 63.7%.

    [​IMG]

    If Obama can get the participation rate down to 60% we will "Officially" have ZERO unemployment!!!

    Of course there will still be millions out of work.....That's government accuracy and efficiency for ya!!
     
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  10. uscitizen
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    uscitizen Senior Member

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    since 83 you say?
    So Obama is like Reagan?
     

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