General Discussion
In reply to the discussion: Unemployment, housing, ACA, new jobs showing good numbers: BENGHAZI!!!!!!! [View all]okaawhatever
(9,565 posts)rate is down because of the baby boomers. A bunch of people retired, that's all. Geez shouldn't you be on a right wing website? Unemployment is DOWN. That is good news. Baby boomers will skew the labor participation rate for the next ten to twenty years. That is why the right wing is constantly throwing it out there and not talking about unemployment. Democrats shouldn't be doing the same.
The housing sales are down, but
Transactions for $250,000 or less, which represent almost two-thirds of the market, plunged 12 percent in the period as house hunters found few available homes in that price range.
Million-dollar-plus homes made up 2 percent of deals in February, about the same proportion as in 2008,
And there was good news in the same article:
The U.S. economy expanded 1.9 percent in 2013 and 2.8 percent the prior year. Employers boosted payrolls in April by the most in two years and the unemployment rate fell to 6.3 percent from 6.7 percent, Labor Department figures showed today.
While the Commerce Department reported this week that gross domestic product grew at only a 0.1 percent annualized rate in the first three months of 2014, gains in retail sales, employment and manufacturing at the end of the quarter indicate the setback will be temporary.