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originally posted by: peck420
1) The aging of baby boomers. A lower percentage of older Americans choose to work than those who are middle-aged. And so as baby boomers approach retirement age, it lowers the labor force participation rate.
2) A decline in working women. The labor force participation rate for men has been declining since the 1950s. But for a couple decades, a rapid rise in working women more than offset that dip. Women’s labor force participation exploded from nearly 34 percent in 1950 to its peak of 60 percent in 1999. But since then, women’s participation rate has been “displaying a pattern of slow decline.”
3) More young people are going to college. As BLS noted, “Because students are less likely to participate in the labor force, increases in school attendance at the secondary and college levels and, especially, increases in school attendance during the summer, significantly reduce the labor force participation rate of youths.”
Peck420: Whomever wrote this is a joke.
Straight from BLS:
I have to agree with you it's gov propaganda and the treasury really? I just heard some startling statistics about the percentage of Americans below poverty line. I'm so disgusted with this.
originally posted by: HighDesertPatriot
a reply to: Indigo5
Oh yeah, I am going to have to call bullsh*t on this. Look around your town and tell me if this is true. Federal reserve as the source? Come on now, don't be naive.
originally posted by: ThirdEyeofHorus
a reply to: Aazadan
The Aca fewer companies are hiring full time. Yes people now have to
Get two jobs and usually lower paying ones with no benefits. This is also partly due to the fact that govt spending keeps increasing at an incredibly unsustainable level so those who are working are having to
Pay higher taxes and the fed is just printing money we don't have which further drives up inflation. It's a no win situation. What our gov is doing to the American people is horrific and unsustainable no matter what the treasury is trying to assert or the OP for that matter.
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.
The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.
Oh yeah, I am going to have to call bullsh*t on this.
Have any information on worker pay stats to go with these new jobs? How many are part time? How many are in the service sector? How many are Government jobs? How much value is added to the economy than was there before 2008 from these jobs? More is not always better.
(quote from the above link...)
So this (a stimulus) is the most important jobs creation tool in a severe recession and all Democrats voted for it, while no House Republicans did and only three Republican Senators did. This is the primary reason Republicans are bad at job creation. They either don’t understand that when the government buys goods and services, people are hired to provide these, or they would rather leave them unemployed than have the government help out.
This view, that the government should not create jobs, has been a constant Republican view for at least the last 85 years, and that explains why they have consistently had “bad luck” creating jobs.
You might argue I just live in an especially impoverished area in the states. I disagree - from what I have seen this is the new normal.
If you don't want to work, I doubt you care about unemployment rates, labour force, labour force participation rates, or how those refelct the health of the economy. So, no, in this regard, it has no bearing.
originally posted by: rnaa
Republicans have claimed that the Fed is causing inflation for the last five years, and that it must stop trying to reduce unemployment. But inflation is the lowest its been since the 1950's and its getting lower.
How's that hypocrisy tasting? Should we reduce unemployment or not? Are you going to bash Obama for not creating enough jobs or for creating too many jobs? WTF are you even talking about?
Congress cannot magically create jobs with a "jobs bill".