Liberals: The era of Reaganomics is finally over (unemployment rate, Baby Boomers, statistics)
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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.
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.
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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
Location: By the sea, by the sea, by the beautiful sea
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Quote:
Originally Posted by T-310
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.
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.
Voodoo economics ended at the beginning of .com explosion.
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