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Gotta love how the right includes people retiring in the numbers "giving up looking"! You realize baby boomers are retiring in huge numbers right?
Gotta love how the left thinks 55 year olds dropping out of the work force is retiring because they can't find work due to age discrimination or overqualification
The stock and housing crash of the last 5 years really did a number on 401k plans requiring boomers to work even more.
In summation, your wrong.
It only takes a fraction of the 76-79 million Baby Boomers to retire every month to make massive dent on the labor force. It's hilarious watching the shills use the "Obama math" line--BB retirements have been accelerating since the failed Bush Presidency.
Last edited by RaymondChandlerLives; 04-05-2013 at 11:38 AM..
It only takes a fraction of the 76-79 Baby Boomers to retire every month to make massive dent on the labor force. It's hilarious watching the shills use the "Obama math" line--BB retirements have been accelerating since the failed Bush Presidency.
Didn't realize baby boomers were born in the 30's.
In keeping with the increase in the number of people not in the labor force, the labor force participation rate decreased from 63.5 percent in February to 63.3 percent in March. The labor force participation rate is the percentage of Americans in the civilian population over age 16 who did not have a job or seek a job during the month.
Seems to me, the unemployment rate would then be 63%, not 8%
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