July 2013 Employment Rate to worst rate since 1978 (Jimmy Carter Bad!!!) (unemployment, Baby Boomers)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Also, Labor Participation rate continues to be awful for 25 to 54 year olds - worst in over 30 years.
Of course it is important to understand "Jimmy Carter level unemployment" in the proper context. At that time, women were still not as big a part of the workforce as they are today. Not by a long shot. So pre-1978 numbers are misleading because a huge part of the low numbers are just housewives who are doing the stay at home mom housewife thing.
In today's culture, "housewife" is considered demeaning or insulting by a lot of folks. Today, women are a big big part of the workforce and want their own jobs thank you very much. So returning to 63.2% LPR really indicates that things are a lot worse than we think they are. It means that real unemployment is really really bad.
And will continue to decline for many years no matter who is President or the strength of the economy, which was all predicted decades ago.
..only if those Presidents are math hating idiots like Obama. We can easily raise the labor participation rates, but Democrat and fascist special interests will scream and holler.
Of course it is important to understand "Jimmy Carter level unemployment" in the proper context. At that time, women were still not as big a part of the workforce as they are today. Not by a long shot. So pre-1978 numbers are misleading because a huge part of the low numbers are just housewives who are doing the stay at home mom housewife thing.
In today's culture, "housewife" is considered demeaning or insulting by a lot of folks. Today, women are a big big part of the workforce and want their own jobs thank you very much. So returning to 63.2% LPR really indicates that things are a lot worse than we think they are. It means that real unemployment is really really bad.
..only if those Presidents are math hating idiots like Obama. We can easily raise the labor participation rates, but Democrat and fascist special interests will scream and holler.
Only if you require the Baby Boomers to keep working. The decline in the participation rate is being driven by demographics and was predicted decades ago. The rate is just not a good barometer of economic health.
Take a look of the graph that was just posted. The participation rate had been increasing for decades. Was the economy strong throughout those decades? No it was not.
Of course it is important to understand "Jimmy Carter level unemployment" in the proper context. At that time, women were still not as big a part of the workforce as they are today. Not by a long shot. So pre-1978 numbers are misleading because a huge part of the low numbers are just housewives who are doing the stay at home mom housewife thing.
In today's culture, "housewife" is considered demeaning or insulting by a lot of folks. Today, women are a big big part of the workforce and want their own jobs thank you very much. So returning to 63.2% LPR really indicates that things are a lot worse than we think they are. It means that real unemployment is really really bad.
No, it means exactly what has already been noted: people are aging out of the workforce, as has been predicted for decades.
"A headline like “And yet the labor force participation rate is still falling” would be accurate today even without the recession and seems to ignore the importance of the demographic trends of an aging population and an increase in the number of retirees that have contributed to a decline in the LFPR for more than a decade."
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
