- Jun 12, 2010
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What I have posted already debunksanyones argument defending obamaTo put things in perspective:40% plus still workingMy source is the SSA by checking only the "Retired Worker" box and selecting the "Annual" frequency drop down, so the numbers are retired workers and retired workers only.You have to be careful about trying to blend data from different reports...."retirees" include many not included in the labor force stats, which only covers the non-institutional population. Anyone in a retirement home or assisted living facility (or prison or mental institute) is out of scope and not included in any labor force data.What is different is the number that are retiring!!!
Bush had 7.5 million workers retire his first 5 years and 13.5 million have retired Obama's first 5 years, that's an average of 1.2 million MORE workers EACH year retiring.
I posted the link with the numbers from the Census report, these idiots are just too dumb to read anything but four letter words.
Beneficiary Data
The labor force participation rate has hovered around 65-67% over the past decade or so. It is currently sitting at 65.5. It peaked just before Bush took office and his been in a downtrend for about 15 years. In the latter part of Bush's last term in office about 2007, the participation rate began a steeper decline. The recession, baby boomer retirements, increased school enrollment, discouraged workers, and other factors all played some part in the .7% fall since 2007.
Some people seem shocked that 35% of the work force is not working and is not seeking work. However, it's really not when you consider that this 35% includes homemakers, students, early retirees, and anyone else who chooses not to work..
AmosWEB is Economics Encyclonomic WEB pedia
Labor Force Participation Rate - What Does It Mean