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Old 12-06-2013, 09:12 PM
 
8,487 posts, read 5,717,886 times
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Quote:
Originally Posted by texdav View Post
One has to remember when looking at both unemployment rate and the non-participation rate that last stats I read was that 10K boomers are reaching 65 a day now and that 8K a day actually retire. That is like 240K a month retiring. Its said that will go on for the next 19 years.26% of the population are boomers.
The story about the LPR changes being due to BB's has already been covered many times. This is not where the bulk of the changes are occurring from in LPR.
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Old 12-06-2013, 09:19 PM
 
5,721 posts, read 5,275,080 times
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Quote:
Originally Posted by EmeraldCityWanderer View Post
Great news, thanks Obama!
The numbers clearly have nothing to do with Obama. If he had been able to enact a Jobs Act, we could pin its success or failure on these numbers, but the government has abdicated the responsibility of doing anything to help the economy.
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Old 12-06-2013, 09:20 PM
 
8,487 posts, read 5,717,886 times
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Quote:
Originally Posted by godofthunder9010 View Post
Okay, the real numbers as promised:

Labor Participation Rate
Source: U.S. Bureau of Labor Statistics

We've been in freefall ever since Obama took office. I know, I know, it's all George W's fault. But if you look really really close, there actually is a tiny uptick at the end of that thing. So the question is, are we witnessing the start of a real recovery trend, or it is just a little hiccup in the ongoing free-fall?

And since it always comes up, I'll go ahead and defend my use of the LPR. The immediate knee-jerk reaction that you always hear: "The LPR looks that way because the baby boomers are retiring so fast." The problem with that statement is that those parroting never have any numbers to back it up, and for good reason. The impact of the rate of retirement by the baby boomers has been more than offset by the following:

From 2000 to 2010, the 55 and over population demographic experienced a 7.8% increase in workforce participation. We're still early in the new decade, but since 2010 there has already been an additional 2.8% additional increase. That means that since 2000, there has been a 10% increase in people over 55 postponing retirement and staying in the workforce. This trend more than offsets the LPR's losses to baby boomer retirement.

What we're actually seeing is a revival of the old-school "work until you're dead" culture. Many aging Americans "retire" from one job just to turn around and get another job somewhere else. Actual retirement is a luxury that most people just can't afford anymore.





Conclusion: There is no compelling evidence to suggest that the bleeding has even slowed, much less stopped in the United States Workforce's ongoing crisis.
Looking at the numbers in terms of reductions shows approx. 74% from 16-54 and only 26% from 55+. So the largest trend is not occurring in BB's.
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Old 12-06-2013, 09:23 PM
 
Location: Oceania
8,623 posts, read 5,949,740 times
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Quote:
Originally Posted by dsjj251 View Post
1. Temporary Holiday jobs are accounted for

2. Your first link is from a year ago and doesnt actually refute anything

3. refer to #2.

If you truly believe 7% is accurate I have a case of toilet paper to sell you.
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Old 12-06-2013, 09:30 PM
 
Location: Oceania
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Quote:
Originally Posted by dsjj251 View Post
Please back up the bold.

You seem to be arguing that since out economy did not collapse during the shut down, it means it was a good thing, That is completely untrue and has no basis in reality.


^^^Butt hurt.
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Old 12-06-2013, 09:39 PM
 
Location: Oceania
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Quote:
Originally Posted by artisan4 View Post

Even as the overall unemployment rate fell, the situation does remain desperate in some pockets of the labor market.

For example, the unemployment rate among workers aged 16 to 19 remains above 20 percent. And for workers with less than a high school diploma, the jobless rate stood at 10.8 percent. '

There was a point in time when one could get a job without a HS diploma. Those jobs exist but are filled by illegals. It's only going to get worse. Wait until millions of illegals are unleashed and those figures will be astronomical.
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Old 12-06-2013, 09:44 PM
 
Location: Oceania
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Quote:
Originally Posted by dsjj251 View Post

Update: When most of us Left of Center people mention Bush, it has more to do with him being a Republican and talking about political hypocrisy and bias than him being Bush.
^^^LIAR!

Remember Joe Wilson? His timing was perfect.
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Old 12-06-2013, 09:47 PM
 
7,372 posts, read 4,472,675 times
Reputation: 3126
Quote:
Originally Posted by CravingMountains View Post
Personally, I think we should keep the extension until 6.5%. I wouldn't be completely opposed to ending it now though. Republicans in Washington are constantly trying to derail America's economic recovery though, so the unemployed need to have some more protections.
Yes, developing domestic sources of energy, enabling businesses to have fewer regulatory burdens, and invest more of their money into their operations rather than paying them in taxes is a certain recipe for derailing economic recovery. I want some of what you're smoking.
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Old 12-06-2013, 09:53 PM
 
Location: Oceania
8,623 posts, read 5,949,740 times
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Quote:
Originally Posted by bluesjuke View Post

Odd how the huge amount of those jobs that are government jobs aren't lauded in the article.

Is there such a thing as a government job or is it getting paid for hanging out? I know several government employees and the latter seems more likely.
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Old 12-06-2013, 09:58 PM
 
Location: Oceania
8,623 posts, read 5,949,740 times
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Quote:
Originally Posted by Old Gringo View Post

What one should actually remember is that although Democrats controlled congress for the last two years of Bush's second term, the GOP held congress for the 12 years prior to that.

That's why Clinton had a balanced budget and a surplus. Imagine what could happen if BHO had the same.
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