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yes nearly 4 million babies are born each year in the usa (3.988 million )
and including youths that have emigrated here 4.7 million people turn 18 (the average age of someone entering the worksforce)(BLS counts it at 16)
yet only 2.5 million turn 65 (the average retirement age) YEARLY
which means MORE people are entering the workforce (turning 18) than those that are leaving the workforce(turning 65) ..((** 18 and 65 are averages)
I was mistaken about the number of people turning 65 each year it is actually at least 3,650,000 this year and every year through 2029
about 3,800,000 people turned 18 in 2015 (births in 1998)
The difference between the two is negligible. You can add to the number by including immigrants but if you want, and you can legitimately claim that some people work past 65 or before the age of 18, but then you would need to drill down into the numbers to calculate the number of disabled who will never enter the workforce but the bottom line is your numbers just don't work
We now have more people employed then before the recession.
This is only natural as a result of a growing population. This is why numbers that can be expressed in percentages are much more meaningful. There's also more able bodied adults who are not working than before the recession for exactly the same reasons.
Quote:
The number of people working part time for economic reasons (ie they what to work full time) has been decreasing for several years now. The number of people who are out of the work force, who what a job, but are not looking has been decreasing for several years now. The number of people newly filing for unemployment insurance is running at 40 year lows even thou the size of the work force is a lot larger. IMO we are not at full employment yet, but we are not that far from it. The U6 (broader measure of) unemployment has been declining between 1.5% to 2% a year recently. If the U6 does that again in 2016 then we would be close to the lowest levels ever measured.
We'll see how things play out of course. If we're on the brink of an economic boom, I'm all in favor of it. But if the economy is already doing awesome, why is every demographic under 55 still at or below the same LFPR they were before the recession? Nevermind your 16-24 year olds. Why is it that your 25-55 crowd -- the one group that should be benefitting from this supposed economic boom -- is still down 3% and continuing to trend downwards? If there's an abundance of well-paying jobs to be had, why aren't they taking them?
I'm all for recovery, but I also mistrust a lot of the stats that are flying around. There's a whole science built around using economic stats to spin things however you want to.
13,000 people do not enter the work force every day though. many 18 year olds are still in high school or choose to go to college.
oh please, you guys say the same spin all the time
do you really want the numbers????? can you handle them????........they dont help your agenda.....
FACT: number of americans turning 65 (average age most people retire) daily.....6,000-8,000
number of americans turning 18 (the average age for people ENTERING the workforce(BLS uses 16)) daily...... 13,000
and the "'millennials " are a BIGGER generation than the boomers, or gen x
so the fact that 6,000-8,000 turn 65 everyday is NULLIFIED by the fact that =/=13,000 turn 18 every day
'many' 18yr olds go to college...62%...and many of those are also within the workforce...working their way through college 71% of college student are also working More students working (a lot) in college - CBS News
fact is the avergage retirment age is about 65 (64 to be exact) The Average Retirement Age
yes many can retire early...but most dont
yes many can retire more than once...(I already have one pension, and and WORKING on my second) aka STILL WORKING
oh please, you guys say the same spin all the time
do you really want the numbers????? can you handle them????........they dont help your agenda.....
FACT: number of americans turning 65 (average age most people retire) daily.....6,000-8,000
number of americans turning 18 (the average age for people ENTERING the workforce(BLS uses 16)) daily...... 13,000
and the "'millennials " are a BIGGER generation than the boomers, or gen x
so the fact that 6,000-8,000 turn 65 everyday is NULLIFIED by the fact that =/=13,000 turn 18 every day
'many' 18yr olds go to college...62%...and many of those are also within the workforce...working their way through college 71% of college student are also working More students working (a lot) in college - CBS News
fact is the avergage retirment age is about 65 (64 to be exact) The Average Retirement Age
yes many can retire early...but most dont
yes many can retire more than once...(I already have one pension, and and WORKING on my second) aka STILL WORKING
I used 4 different sources, so you cant say ''biased like faux"
the fact is the math says our participation rate should be increasing, not decreasing
Ok so some 30% of high schoolers don't graduate according to some studies and from there another 30% of the remaining 70% of high schoolers who graduate don't go onto college (23%). That is about 53% of 18 year olds who would need to enter the workforce proper and don't have a scholastic barrier. In reality, we see 7,000 workers who turn 18 each day, so we have a net loss of workers of about a thousand give or take.
oh please, you guys say the same spin all the time
do you really want the numbers????? can you handle them????........they dont help your agenda.....
FACT: number of americans turning 65 (average age most people retire) daily.....6,000-8,000
number of americans turning 18 (the average age for people ENTERING the workforce(BLS uses 16)) daily...... 13,000
and the "'millennials " are a BIGGER generation than the boomers, or gen x
so the fact that 6,000-8,000 turn 65 everyday is NULLIFIED by the fact that =/=13,000 turn 18 every day
'many' 18yr olds go to college...62%...and many of those are also within the workforce...working their way through college 71% of college student are also working More students working (a lot) in college - CBS News
fact is the avergage retirment age is about 65 (64 to be exact) The Average Retirement Age
yes many can retire early...but most dont
yes many can retire more than once...(I already have one pension, and and WORKING on my second) aka STILL WORKING
I used 4 different sources, so you cant say ''biased like faux"
the fact is the math says our participation rate should be increasing, not decreasing
Use the numbers you think are valid and see if the LFPR goes down or up over the next n number of months. A calculation based on demographics alone should show the LFPR going down.
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