Sessions: 'For Every One Job Added, Nearly 5 People Left the Workforce'

[driveby]

It is still pure BULLSHIT even if it comes from the Conservative News Network.

It has already been proven in this thread that the low LPR is due entirely to retiring Boomers.

Yeah, CNN is chock full of conservatism.......

A chunk of reality in the article from the Economic Policy Institute, another source of RW craziness:

Economist say there are several reasons for the decline, including the retirement of the baby boomers and fewer students who also work. But the main reason for its recent fall is a lack of good jobs.
"We know there's a lot of hardworking people that want to be productive, we just don't have work for them to do," said Heidi Shierholz, an economist at the Economic Policy Institute.
Schierholz said the labor force participation rate would be going down anyway as the baby boomers retire. But she said that since the recession, between two-thirds and three-quarters of the drop can be attributed to the lousy job market.
"We're operating way below potential," she said.

That's the truth, but feel free to keep playing enabler and making a fool of yourself.....

Your bullshit is still bullshit no matter how many times you repeat the bullshit.

You have 2.5 million boomers retiring each year which accounts for between three-thirds and four-quaters of the drop in LPR.

Then why aren't the unemployed jumping into these 2.5 million jobs that baby boomers retiring from each year? Oh, because you're full of shit, that's why ....

If your dumbass theory were true, there would be a surplus of jobs, just not enough people to fill them. I told you covering for Obama makes you look stupid........

 

[edthecynic]

Yeah, CNN is chock full of conservatism.......

A chunk of reality in the article from the Economic Policy Institute, another source of RW craziness:




That's the truth, but feel free to keep playing enabler and making a fool of yourself.....

Your bullshit is still bullshit no matter how many times you repeat the bullshit.

You have 2.5 million boomers retiring each year which accounts for between three-thirds and four-quaters of the drop in LPR.

Then why aren't the unemployed jumping into these 2.5 million jobs that baby boomers retiring from each year? Oh, because you're full of shit, that's why ....

If your dumbass theory were true, there would be a surplus of jobs, just not enough people to fill them. I told you covering for Obama makes you look stupid........

They are! That is why U E is going down even though a small number of jobs are created.
You have been lied to when you were told the U-3 rate went down because people got discouraged and dropped out.

Take the current month, the unemployed declined by 490,000 but the discouraged increased by only 155,000 and the difference are the unemployed who filled jobs vacated by retirees. This is why people who say that new jobs have not kept up with population growth are full of it. More seniors are retiring than workers entering the labor force.

The BLS does not give the number of retirees, but they do give the number of discouraged workers, which was 155,000 for last month. We can calculate reasonably accurately the number of retirees because we know that 10,000 reach age 65 per day and only 18% stay in the workforce, up from 15% before the Boomers. So 82% of 300,000 Boomers reaching 65 = ~246,000 Boomers leaving the workforce every month on average. Since we can expect those jobs to be filled by other workers we would expect to see a decline in the number of unemployed to be about equal to the sum of retirees plus discouraged plus the 74,000 new jobs created which totals ~475,000. According to BLS the unemployed declined last month by 490,000.

But the Right has always known this and were using the predicted decline of the LPR after the 2004 election as justification for privatizing SS. As soon as a Republican is elected, the Right will stop saying the decline in LPR means a bad economy and will resume saying that a declining LPR is a reason for privatizing SS.
Mark my words!

 

[LoneLaugher]

More people are employed......paying taxes....spending hard earned patriotic money.
Fewer people are unemployed....using taxes....spending communist handout money.

Nutters are bitching about the facts above.

 

[driveby]

More people are employed......paying taxes....spending hard earned patriotic money.
Fewer people are unemployed....using taxes....spending communist handout money.

Nutters are bitching about the facts above.

What are you comparing to? The Great Depression?......

 

[LoneLaugher]

More people are employed......paying taxes....spending hard earned patriotic money.
Fewer people are unemployed....using taxes....spending communist handout money.

Nutters are bitching about the facts above.

What are you comparing to? The Great Depression?......

Year on year, asshole. Year on year.

 

[driveby]

More people are employed......paying taxes....spending hard earned patriotic money.
Fewer people are unemployed....using taxes....spending communist handout money.

Nutters are bitching about the facts above.

What are you comparing to? The Great Depression?......

Year on year, asshole. Year on year.

Minute on minute, day on day, week on week, month on month and year on year your beloved democrats are lying about and omitting job numbers. Deal with it........

 

[Samson]

How many retired?

How many were disabled?

How many died?

I knew we could count on you to defend Obama's sorry-assed record.

How many retired disabled people did Obama Kill?