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progree

(13,023 posts)

94. Half is due to the retirement of the baby boomers, half isn't

Mon Jul 21, 2014, 08:34 PM

Jul 2014

About half the decline in the Labor Force Participation Rate is due to the aging of the workforce and the retirement of the boomers, according to the Council of Economic Advisers:

http://news.yahoo.com/report-labor-force-drop-had-pre-recession-roots-203848691--finance.html

Of the rest, part is due to the still poor economy, and part is due to long-term factors (whose reasons are not well known) that preceded even the onset of the 2001 recession.

The full report is at:

http://www.whitehouse.gov/sites/default/files/docs/labor_force_participation_report.pdf

I take heart that the Employment To Population Ratio -- the % of the age 16+ population (which includes EVERYONE 16 and over, including centennarians) that is employed, has been rising since November 2010, up by 0.8 percentage points from that low point, even as the boomers retire in ever-growing numbers.
http://data.bls.gov/timeseries/LNS12300000

No, the economy is not real healthy, not by a long shot.

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Have you ever considered ... 1StrongBlackMan Jul 2014 #11

No I have not considered it because it is nonsense. former9thward Jul 2014 #12

Nonsense because ...? 1StrongBlackMan Jul 2014 #15

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I suppose next you will defend the decline in the labor participation rate. former9thward Jul 2014 #90

Half is due to the retirement of the baby boomers, half isn't progree Jul 2014 #94

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