sakinago
Gold Member
- Sep 13, 2012
- 5,320
- 1,632
Uh huh, but that number is the highest it's been in 40 years. So nothing to see there? And I'm sure they are going on disability... That's one if the ways you can drop out of the workforce . There was a Greek island that had a population of 12,000 or so and 800 people claimed to be blind and receiving disability checks... Was it something in the water making people go blind, or people making something up to get disability?Yes, we know baby boomers had not hit retirement age yet under Reagan.62.6% Labor participation Rate.
Worse Recovery Ever.
Just compare Obama's job performance to Reagan's:
View attachment 46799
Meanwhile, why have you abandoned your point on the averge unemployment rate during presidencies?
Oh ... wait ... never mind, this is why .....
Ronald Reagan ....... 8.0%
Barack Obama ........ 8.0%
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That baby boomer excuse has been thoroughly debunked. The LFPR has increased for older worker while plummeting for the young and prime age populations.
View attachment 46859
Civilian labor force participation rates by age sex race and ethnicityYou are mistaken. The 94 million not in the Labor Force most certainly includes retirees, or are you claiming none of the 38 million people age 65 and older not in the Labor Force are retired. Most Disabled are also not in the Labor Force, and many students.96 million have dropped out of workforce, that's about a quarter of the country. That means they made no significant effort to find a new job. These are not people heading into retirement, just people without jobs, who have given up looking. A healthy rate of adding jobs 50,000 a week. How can you argue that 96 million is not a bad number?
As for your claim that those Not in the Labor Force "dropped out," in July alone, 658,000 people entered the population as Not in the Labor Force. Labor force status flows by sex current month