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A perfect example of the deceit of the Right!According to this article since Jan 1, 2011, there have been 10,000 Boomers coming of age to retire each day, and this trend will continue for the next 19 years after, so 15 more years from today. That is roughly 17 million Baby Boomers eligible to retire, but only about 60% of those Boomers plan to retire at 65 or earlier, taking that 17 million down to about 10 million retired. So that is one ninth of the total number of people in the unemployable pile, not nearly enough to account for all the people dropping out of the job search.
Which is a worthless economic indicator when demographic changes,The OP is about the population that is no longer counted as in the labor pool, not the labor participation pool.
Which is a worthless economic indicator when demographic changes, like Boomers retiring and family members leaving their jobs to care for sick and aging family members, are not factored in, which they aren't.The OP is about the population that is no longer counted as in the labor pool, not the labor participation pool.
But the Right has nothing else, so a worthless previously never used economic indicator is suddenly elevated into the most important economic indicator in the universe, but only until a Republican is elected and then just as suddenly the Right will claim that demographics make the LPR worthless as it continues to decline.
Except it was worthless to YOU when the number of people not in the labor force set records each and every year of the Bush Regime, so YOUR hypocrisy has been proven, while mine is nothing more than partisan SPECULATIONIt is only worthless to you right now because it is your President in the hot seat, but if the POTUS was a Republican you would be whining about it nonstop 24/7 and don't deny it.
"PLANS" are meaningless! The number who ACTUALLY retire by age 65 is 82%, not the meaningless 60% the lying Right uses.
And it is also a lie that 90+ million have dropped out since Obama took office, as the POS implies has to be accounted for by retiring Boomers. There were 80+ million not in the labor force when Bush left office after destroying the economy.
Where are the idiot Democrats who spout lower unemployment under Obama than under Bush.
Record 94,610,000 Americans Not in Labor Force - BreitbartThe Bureau of Labor Statistics reports that a record 94,610,000 people (ages 16 and over) were not in the labor force in September. In other words they were neither employed nor had made specific efforts to find work in the prior four weeks.
The number of individuals out of the work force last month — due to discouragement, retirement or otherwise — represented a substantial 579,000 person increase over the most recent record, hit in August, of 94,031,000 people out of the workforce.
While the prior two months saw a labor force participation rate of 62.2 percent, September’s participation rate dropped to 62.4 percent, matching the lowest level seen since October 1977.
The civilian labor force in September clocked in at 156,715,000, declining by 350,000 people, compared to August’s 157,065,000 labor force level.
In total 148,800,000 people were employed last month, 7,915,000 were unemployed, and 5,955,000 people were looking for a job.
Where are the idiot Democrats who spout lower unemployment under Obama than under Bush.
Record 94,610,000 Americans Not in Labor Force - BreitbartThe Bureau of Labor Statistics reports that a record 94,610,000 people (ages 16 and over) were not in the labor force in September. In other words they were neither employed nor had made specific efforts to find work in the prior four weeks.
The number of individuals out of the work force last month — due to discouragement, retirement or otherwise — represented a substantial 579,000 person increase over the most recent record, hit in August, of 94,031,000 people out of the workforce.
While the prior two months saw a labor force participation rate of 62.2 percent, September’s participation rate dropped to 62.4 percent, matching the lowest level seen since October 1977.
The civilian labor force in September clocked in at 156,715,000, declining by 350,000 people, compared to August’s 157,065,000 labor force level.
In total 148,800,000 people were employed last month, 7,915,000 were unemployed, and 5,955,000 people were looking for a job.
That number might sound scary if you don't consider that 8 million of those over 16 are sill in high school, 45 million are seniors over 65, the census bureau tells us that 34.2 million have a functional disability, with 24.1 million severely disabled. Then you have all those college students and mothers who stay home and raise their kids. The right is again misrepresenting facts to keep the simple minded right wingers stirred up. I guess that's all they have and they have to go with it.
We are the wealthiest country on earth......how is that broke?The country is already broke... Do not pass go, do not collect 200 dollars.
Game set match... Progressives fault
I got it: you, Rustic, are a troll, nothing more, just to be ignored.Obama wants everyone to have a federal job... Too bad a federal is not a real job someone has to pay for that job. Military and the like are a duty... That we gladly pay for. Politicians are parasites... Too bad we have to pay for that.
Where are the idiot Democrats who spout lower unemployment under Obama than under Bush.
Record 94,610,000 Americans Not in Labor Force - BreitbartThe Bureau of Labor Statistics reports that a record 94,610,000 people (ages 16 and over) were not in the labor force in September. In other words they were neither employed nor had made specific efforts to find work in the prior four weeks.
The number of individuals out of the work force last month — due to discouragement, retirement or otherwise — represented a substantial 579,000 person increase over the most recent record, hit in August, of 94,031,000 people out of the workforce.
While the prior two months saw a labor force participation rate of 62.2 percent, September’s participation rate dropped to 62.4 percent, matching the lowest level seen since October 1977.
The civilian labor force in September clocked in at 156,715,000, declining by 350,000 people, compared to August’s 157,065,000 labor force level.
In total 148,800,000 people were employed last month, 7,915,000 were unemployed, and 5,955,000 people were looking for a job.
That number might sound scary if you don't consider that 8 million of those over 16 are sill in high school, 45 million are seniors over 65, the census bureau tells us that 34.2 million have a functional disability, with 24.1 million severely disabled. Then you have all those college students and mothers who stay home and raise their kids. The right is again misrepresenting facts to keep the simple minded right wingers stirred up. I guess that's all they have and they have to go with it.
You can try to spin it all you want but there are huge numbers of Americans that have simply given up finding a job, EVER. And so the Washington statisticians count them as unemployable, but maybe, just maybe many of them would still be working if over 4 million jobs created in the last 15 years had not gone to foreign workers, legal and illegal instead of to American citizens. Obama has stabbed every middle class voter that voted for him in the back.