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progree

(13,058 posts)

5. Dunno. Depends how many more workers continue to come off the sidelines

Sat Jan 6, 2018, 04:53 PM

Jan 2018

I've been astonished by the job growth figures in the past couple of years.

Civilian non-institutional (cni) population, age 16+ http://data.bls.gov/timeseries/LNU00000000
Civilian non-institutional (cni) population, age 65+ http://data.bls.gov/timeseries/LNU00000097

Figures are in thousands:

Dec'16 ` Dec'17 Change
254,742 256,109 1,367 Civilian non-institutional (cni) population, age 16+
48,837 ` 50,319 1,482 Civilian non-institutional (cni) population, age 65+
205,905 205,790 -115 Civilian non-institutional (cni) population, age 16-64 (subtracting the two lines above)

Apparently, the age 16-64 cni population has decreased by 115,000

Some people make an enormous thing about older people working longer than they used to, but the LFPR of this age 65+ group is still a low 19.0% (Dec'17) compared to 62.7% for the age 16+ group. http://data.bls.gov/timeseries/LNU01300097

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The Labor Force Participation Rate is hovering at 62.7% [View all] DemocratSinceBirth Jan 2018 OP

We were also told in the campaign that there were 94 million "jobless Americans". Now? 95.5 million progree Jan 2018 #1

The most interesting numbers to me are U 6 and the Labor Force Participation Rate DemocratSinceBirth Jan 2018 #2

In case anyone wants to look up the numbers and see the graphs progree Jan 2018 #3

Where do you see GDP going ? DemocratSinceBirth Jan 2018 #4

Dunno. Depends how many more workers continue to come off the sidelines progree Jan 2018 #5

Trump said we might see 6% GDP growth. DemocratSinceBirth Jan 2018 #6

6% GDP growth is not unreasonable progree Jan 2018 #7