No one has mentioned this yet?

Todays job numbers show that the labor participation rate is the lowest it has been since 1979. Increased 663, 000 to a total of over NINETY MILLION AMERICANS not even looking for work.

No wonder the unemployment rate is falling....everyone has quit looking for a job. Unbelievable.


Discuss.

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It's not being talked about because its not news.. I'm tired of screaming this whenever someone comes on and praises "the one" for lowering unemployment.

Rate went down to 7.6%. WHY it went down is completely irrelevant to libs and has been since Dear Leader took office.

Cramer said we're looking at the new "norm" in unemployment rate. Right about that. Moronic of him to blame the sequester for it. Sequester had nothing to do with retailers cutting workforce. Try the payroll tax increase if you want a culprit.

The only link you can make to the sequester is that Obama and his minions lied so much about the impact of it that it scared companies away from hiring.

Every month for nearly the past 2 years they revise the previous months' job numbers upward. You won't really know what happened in March until July-ish. Calm down.

Great news! [/sarc]

Just think - when enough people drop out of the labor force, the UE # will drop to zero and the 'recovery' will be complete!! Happy days.

The "blame the sequester" is all over the dem talking points world today, laughable as it is. Even many libs see how ridiculous the official narrative is in the face of the facts. They are having trouble coming up with ways to blame the opposition for their own destructive policies.

Payroll tax, Obamacare implementation. Look no further.

All of the social safety net, free trade, un-competitive corporate tax rates... it took a lot of bad policies to create this situation.

Just curious, but is someone like my mother, who is retired and has no wish to work, counted in that 90,000,000?

(04-05-2013 03:13 PM)aTxTIGER Wrote:  Just curious, but is someone like my mother, who is retired and has no wish to work, counted in that 90,000,000?

I do not believe retirees count

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(04-05-2013 03:13 PM)aTxTIGER Wrote:  Just curious, but is someone like my mother, who is retired and has no wish to work, counted in that 90,000,000?

Yes.

One of the reason that the participation is down is the number of baby boomers reaching retirement. But that doesn't mean there aren't severe problems.

(04-05-2013 03:13 PM)aTxTIGER Wrote:  Just curious, but is someone like my mother, who is retired and has no wish to work, counted in that 90,000,000?

Yes, but there are plenty of people looking to fill your mothers former position the day she leaves the workforce. The population of the US has gone from ~ 240mm in 1995 or so to ~ 320mm currently. so less than 20 years.

If the workforce part rate was the same as it was in the recent past the UE would be well in excess of 10%, close to 11%. Welcome to President Jimma part duex.

Don't forget gay marriage, Obama's vacations and Benghazi. That's gotta be costing some jobs right?

No worries; it's all good. Things are most excellent in ObamaVille.

America asked for a second helping and now they are getting it.

We totally deserve whatever happens.

(04-05-2013 03:23 PM)Owl 69/70/75 Wrote:  

(04-05-2013 03:13 PM)aTxTIGER Wrote:  Just curious, but is someone like my mother, who is retired and has no wish to work, counted in that 90,000,000?

Yes.

One of the reason that the participation is down is the number of baby boomers reaching retirement. But that doesn't mean there aren't severe problems.

Didnt imply that it didn't. Just curious if they counted retirees.

(04-05-2013 03:24 PM)JMUDunk Wrote:  

(04-05-2013 03:13 PM)aTxTIGER Wrote:  Just curious, but is someone like my mother, who is retired and has no wish to work, counted in that 90,000,000?

Yes, but there are plenty of people looking to fill your mothers former position the day she leaves the workforce. The population of the US has gone from ~ 240mm in 1995 or so to ~ 320mm currently. so less than 20 years.

If the workforce part rate was the same as it was in the recent past the UE would be well in excess of 10%, close to 11%. Welcome to President Jimma part duex.

My mom was a math and science teacher at an inner-city high school. I not sure how easy it was for them to replace her.

Thanks for the answer.

Heard on the radio they are saying of the 600K or so to drop out about one third were because of retirement.

The whole "the labor force participation rate is dropping due to retirees" argument has long been debunked. Participation rates for all age groups over 55 (including 65+) have actually seen a net increase since this "recovery" started.

(04-05-2013 04:26 PM)aTxTIGER Wrote:  

(04-05-2013 03:23 PM)Owl 69/70/75 Wrote:  

(04-05-2013 03:13 PM)aTxTIGER Wrote:  Just curious, but is someone like my mother, who is retired and has no wish to work, counted in that 90,000,000?

Yes.
One of the reason that the participation is down is the number of baby boomers reaching retirement. But that doesn't mean there aren't severe problems.

Didnt imply that it didn't. Just curious if they counted retirees.

Didn't mean to imply that you did. See BlazerFan11's post for an interesting graphic.

I've pretty much decided that I'm never going to retire. For one thing, I'm going to become a medical tourist once Obamacare kicks in, and I'll need keep making money to beable to afford that in old age.

(04-05-2013 04:01 PM)boss man Wrote:  No worries; it's all good. Things are most excellent in ObamaVille.

America asked for a second helping and now they are getting it.

We totally deserve whatever happens.

This.

Now that the "Free Stuff Party" has enough of the populous on the dole and beholden - we will continue down this path until the whole thing collapses. Then comes the riots and resulting police state. Oh joy.

Why else are they working on disarming the people..........

(04-05-2013 06:07 PM)Owl 69/70/75 Wrote:  

(04-05-2013 04:26 PM)aTxTIGER Wrote:  

(04-05-2013 03:23 PM)Owl 69/70/75 Wrote:  

(04-05-2013 03:13 PM)aTxTIGER Wrote:  Just curious, but is someone like my mother, who is retired and has no wish to work, counted in that 90,000,000?

Yes.
One of the reason that the participation is down is the number of baby boomers reaching retirement. But that doesn't mean there aren't severe problems.

Didnt imply that it didn't. Just curious if they counted retirees.

Didn't mean to imply that you did. See BlazerFan11's post for an interesting graphic.

I've pretty much decided that I'm never going to retire. For one thing, I'm going to become a medical tourist once Obamacare kicks in, and I'll need keep making money to beable to afford that in old age.

As usual, I completely agree.