I posted the REAL numbers directly from the source the liar claimed to use!!!!!!!!
But thank you for proving I was right in what I posted that is highlighted in red!!!!!
Yes, you did quote actual totals from BLS; however, that's not what the graph was intended to portray.
The graph, as it is labeled, is intended to portray the "Reductions in Workforce Participation by Age Group", or the change in participation between young and old for the period from 2007 and 2012. This was to refute the administration's argument that the change in workforce participation was the result of aging Baby Boomers retiring. The graph indicates that the reduction in participation was mainly occurring in the 16-54 age group. The table supporting this is as follows:
There is a further explanation included in the link that Jroc posted.
First of all, the liar does not give any links so there is no way to check the numbers.
Second the liar calculates all his numbers against a moronic "Constant Workforce Participation (CWP)" which does not exist in the real world because babies are not born at a constant rate!!! If they were we wouldn't even be discussing the Baby Boomers!!!!
And thirdly, even using his "change in workforce reductions" for each age, the link I provided shows that info for the year from April 2011 to April 2012 shows an even bigger "change" over the last year alone than the current % I used earlier.
The 16-24 age group changed in 1 year from 17.865 million to 18.216 million or 351 thousand.
The 25-54 group from 22.922 million to 23.224 million or 302 thousand.
The 55+ group changed from 45.836 million to 47.419 million or 1.583 million.
As a % change the 16-54 group increased 29% not 74% and the 55+ group increased 71% not 26% in just the last year!!! 71% of the people leaving the workforce last year were over 55 years old!!!!!!!!
Again I remind you that every right-wing "expert" has been saying for over a decade and to this very day that the Boomers will be retiring in greater numbers than the new workers entering the workforce to take their place as the reason for privatizing SS, so they know that my numbers and the BLS numbers I linked to are true, but they still invent this CWP bullshit anyway, which is why no honest person trusts any stat from CON$.
Here is the BLS age breakdown of the NILF for this last year again:
A-38. Persons not in the labor force by desire and availability for work, age, and sex