What the ****?
That doesn't say the 95 million are "retired." It says they are "without jobs." What is wrong with you?
I know, the pathological liar is INCLUDING the retired, who are part of his 96 million, as "really wanting a job."
Get it???
then why is it called the participation numbers if they are retired?
One more time:
The Adult Civilian Noninstitutional Population (aka: the population) is everyone in the U.S. age 16 and older who is not in the military, in prison, or in an institution (nursing home, mental hospital etc).
The Labor Force is everyone in the population who is either working (Employed) or currently looking for work and available for work (Unemployed).
The Labor Force Participation rate is the percent of the Population that is in the Labor Force.
Someone who has retired and is not looking for a new job is in the Population, but not the labor force.
So if we have a population of 145 people, 90 working, 10 looking for work, (labor force of 100) and 45 not working or trying, then the participation rate is 100/145 = 69% and the unemployment rate is 10/100 = 10%
IF 10 people retire and nothing else changes, then the population is still 145, there are still 10 unemployed, but only 80 working. Labor force is now 90, and the participation rate has dropped to 62% and the UE rate has gone up to 11.1%