Fortunately, not nearly as dumb as you. About half is due to baby boomers retiring (a choice). About another quarter is due to people choosing government checks instead of working (a choice).LOL! No, it is due to people becoming discouraged and dropping out.JesterThe labor force participation rate is down to levels last seen during Carter's administration. The rate is low almost exclusively because people have stopped looking for work.Full employment unemployment rate = 5.5%If you think we are near full employment you have your head up your ass.In response to me pointing out how the unemployment rate at is near the full employment unemployment rate, you denied that by claiming the full employment unemployment rate was 3.5%. It's your idiocy. Own it.
Current unemployment rate = 5.9%
Typical of libs to cherry pick one or two data points and extrapolate something completely unwarranted out of it.
btw, during much of Bush's tenure we were actually close to full employment., the LFPR is not a measurement of the health of the job market. Almost the entire decline is due to people who don't want to work.
And you'll notice, no economist ever talked about it before 2009, even though it began declining around 2001.
Are you really that dumb?