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Old 01-10-2014, 11:41 AM
 
Location: San Diego, CA
10,581 posts, read 8,849,177 times
Reputation: 4162

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Unfortunately, they are correct.

According to the Federal Government's Bureau of Labor Statistics, the "Labor Force Participation Rate" (The percentage of the population age 16 or over, who is employed or looking for work) has fallen to levels not seen since the Jimmy Carter years - the time when the "Misery Index" was invented to describe how bad things were.

The "Unemployment Rate" is the percentage of people who are unemployed but still looking for work. In other words, the percentage who are unemployed but still in the labor force.

If the Unemployment rate falls, it can mean that more people are getting jobs... OR that more people have given up looking for jobs altogether.

If the number of people in the labor force declines, that means they are unemployed but NOT looking for work any more.

More people have been driven out of the labor force, giving up looking for work, than any any time in more than 30 years, undoing everything Reagan managed to do.

Part of Obama's legacy. And not a "small" part.




.
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Old 01-10-2014, 11:42 AM
 
27,320 posts, read 14,072,185 times
Reputation: 12051
The era of wealth redistribution is here.
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Old 01-10-2014, 11:48 AM
 
Location: Fort Worth Texas
12,481 posts, read 9,370,371 times
Reputation: 2527
Quote:
Originally Posted by Little-Acorn View Post
Unfortunately, they are correct.

According to the Federal Government's Bureau of Labor Statistics, the "Labor Force Participation Rate" (The percentage of the population age 16 or over, who is employed or looking for work) has fallen to levels not seen since the Jimmy Carter years - the time when the "Misery Index" was invented to describe how bad things were.

The "Unemployment Rate" is the percentage of people who are unemployed but still looking for work. IN other words, In other words, the percentage who are unemployed but still in the labor force.
If the number of people in the labor force declines, that means they are unemployed but NOT looking for work any more.

More people have been driven out of the labor force, giving up looking for work, than any any time in more than 30 years, undoing everything Reagan managed to do.

Part of Obama's legacy. And not a "small" part.




.
Trickle down is still in effect. Now instead of trickle down from free enterprise we have trickle down from big brother government
. One trickle down promotes self reliance one promotes government dependency . Dmes love people dependent on the government
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Old 01-10-2014, 11:50 AM
 
Location: Fort Worth Texas
12,481 posts, read 9,370,371 times
Reputation: 2527
Quote:
Originally Posted by EmeraldCityWanderer View Post
Yeah, it certainly couldn't be things like the baby boomers retiring...



I know reality has a liberal bias, but this is really stretching more than stretch Armstrong.

...and he strtechs forever....
how about past birth abortions on baby boomers
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Old 01-10-2014, 11:57 AM
 
Location: Jewel Lake (Sagle) Idaho
34,676 posts, read 20,988,719 times
Reputation: 21034
Republicans promote trickle down prosperity, and have delivered.

Democrats promote trickle up poverty, and have delivered.

Which do you prefer?
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Old 01-10-2014, 12:02 PM
 
Location: By the sea, by the sea, by the beautiful sea
64,844 posts, read 46,114,293 times
Reputation: 35101
Quote:
Originally Posted by T-310 View Post
The era of wealth redistribution is here.
It's been here a long time, it's just that conservatives don't understand and/or refuse to admit that taking our tax dollars and giving them to their cherished MIC IS wealth redistribution.

Last edited by burdell; 01-10-2014 at 12:11 PM..
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Old 01-10-2014, 12:03 PM
 
Location: Sacramento
13,875 posts, read 24,830,078 times
Reputation: 6636
From the Bureau of Labor Statistics website:

Labor force participation rate

The labor force as a percent of the civilian noninstitutional population.


So, it would seem that the significant increase in Baby Boom retirements would impact these numbers, and this just reflects that reality. Should also indicate some very good job opportunities for younger workers too.
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Old 01-10-2014, 12:16 PM
 
Location: texas
9,127 posts, read 7,213,941 times
Reputation: 2375
Quote:
Originally Posted by Toyman at Jewel Lake View Post
Republicans promote trickle down prosperity, and have delivered.

Democrats promote trickle up poverty, and have delivered.

Which do you prefer?
They have delivered on their promotion of the idea...actual prosperity not so much.
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Old 01-10-2014, 01:03 PM
 
Location: The Lone Star State
8,030 posts, read 8,118,769 times
Reputation: 5045
Quote:
Originally Posted by Toyman at Jewel Lake View Post
Democrats promote trickle up poverty, and have delivered.
This.
Particularly Obama administration Democrats.
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Old 01-10-2014, 01:06 PM
 
Location: Missouri
3,962 posts, read 3,334,208 times
Reputation: 1733
Voodoo economics ended at the beginning of .com explosion.
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