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Counter to that the Obama administration changes the rules for full time employment, so our underemployment and unemployment numbers are much higher.
The best tool for this is labor participation rates which are pretty abysmal right now.
How was the methodology changed and what effect did it have? The labor participation rates has been declining for decades. Surely, the only reason you chose that measure was because it was the only one that puts Mr. Obama in a bad light. But everyone understands that the labor participation rates is influenced by many facts, especially ones that have nothing to do with the job market -- such as age of the population.
How was the methodology changed and what effect did it have? The labor participation rates has been declining for decades. Surely, the only reason you chose that measure was because it was the only one that puts Mr. Obama in a bad light. But everyone understands that the labor participation rates is influenced by many facts, especially ones that have nothing to do with the job market -- such as age of the population.
and our population is now starting to getting YOUNGER again
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. Millions of people felt the recovery. Just go around to many different cities in this country- it's so different than it was 5 years ago. People are employed again, making decent money again- housing is selling like hot cakes (not just to foreign investors, but to tons and tons of families), people are making big purchases they held of on during the recession such as buying new cars now that they have more financial stability. New stores are opening, sales are way up at most of these retailers. Evidence that the recovery is real is all around us!
And the market tanking? It has been up and down, but still remaining at near record levels, with a big 240 or so point gain just yesterday.
When the Christmas sales numbers come in at a disturbingly low number and the stock market tanks, we'll be forced to accept that there never was a recovery, that we've been in a recession for the entire Obama presidency but were able to cover it up through articial stimulus (QE programs). I'll bump this thread when the reality is accepted.
Consumer spending is down and cannot support a full recovery. Individual spending typically peaks around age 48-50, baby boomer spending has peaked and is all downhill now, and millennials do not (yet) have sufficient income to spend like the boomers once did.
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