Trump should publish real unemployment numbers on day one so the RATS can't raise the numbers after he's in office and blame him
Posted on 01/07/2017 11:40:22 AM PST by FreedomNotSafety
"It's a combination. There's no question a lot of them are retirees," Boockvar said. "No one wants to say, 'I want to get fired and sit on my butt.' But when people do lose their jobs, they're not being incentivized enough to go back to work compared to the benefits they get by not being at work."
(Excerpt) Read more at cnbc.com ...
I’m retired. I have no desire to go back to work. I don’t know what the cutoff is, but I’m under 65.
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That’s me too, I retired at 54, I’m 71 now and still do not miss the “rat race”.
95M that collected their unemployment and are no longer in the workforce should be counted as unemployed.
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I hope Trump straightens that dishonest mess out and reports the real stats.
Of course you can get food stamps if your SS is low enough.
Don’t you remember obama hired people to go to retirement areas especially in Fla and sign people up, even when they said they did nit need SNAP?
He wanted to make sure they voted Dem
disability for every ailment is a huge factor
http://www.iwf.org/blog/2796127/Americans-on-Disability-Skyrocket-%E2%80%93-Especially-Under-Obama
Trump should publish real unemployment numbers on day one so the RATS can't raise the numbers after he's in office and blame him
I hear you. Hillbilly Elegy was written about a nearby town to me.
Employers don’t get it. The 40 and 50 somethings with kids and responsibilities are NOT going to be getting high in the alleys or calling in sick with hangovers Monday mornings. They are serious and hard working. They should have a little wisdom.
When I was searching after 20 years of not working, even with advanced degrees, I sent out 3000 cvs and got pretty much nothing. I would have worked for free or interned just to prove myself. Nothing.
I think what keeps them from hiring older people is the health care stuff, don’t you think? What they lose is what you explicate: good work habits, an ability to get to work on time, excellent services skills.
I worked at Barnes & Noble during a dark period in my life and they hired only women of about 50 years old. Paid us bubkis but knew we’d show up on time and smile while selling terribly-written books and elfs on shelfs.
Exactly. Which is why health care should be separate from work. In Switzerland it is. True that an older person is more likely to get cancer or seriously ill. Let’s let them care for that on their own and hire them. If they have $ they can pay for their own health care. Especially under Trump.
Not to denigrate vets but they, if young, have a FAR FAR BETTER SHOT at getting a job than a 50-something. And that isn’t right either.
About 44 million are on food stamps. Among the 95 million who are not in the labor force, most are retirees who have not actively sought work nor have the become discouraged about finding work. So they shouldn’t be counted as unemployed.
There are a good number of retired people that weren’t ready to retire when it happened. I have a couple of friends in the trades that basically had to retire because of the lack of work. There isn’t much going on out there in reality.
So yes, technically, they’re retired, but no, they are not necessarily unemployable. They just know that there’s nothing out there for them right now.
I agree that many early retirees, especially, lost their jobs and couldn’t find new jobs that dominated collecting Social Security and/or income from retirement savings.
What makes you think they are retires?
Around here, they drive from food bank to food bank using their iPhone to navigate. Once they fill their pantry, they go around a break into the homes of working people to buy their heroin or meth for the day.
Who has time to work?
The responses that people who are not actively seeking work give in response to survey questions. The BLS conducted a survey on reasons for being out of the labor force and reported the results in their Beyond the Numbers section of its website. On another thread, I gave some more details and noted that just under half (not more than half, as I wrote above) were retired. Of course, some unknown fraction of them could have retired after months or even years of unsuccessful job search.
That is called the "grey economy" and lots of folks are opting for it. Go to your local flea market and you will see lots of these folks working the grey economy.
Thee are about 18 million college students in the USA give or take. Some work, some don’t. That is big chunk right there. A lot of people work under the table. I know/hire a local “handyman” occasionally. He has a legit business license. But if you pay him in cash or with a local check written to him and not to his business he takes off 10% for work performed. He will take the local check to your bank and cash it so there is no record of the transaction.
Boockvar is wrong.
As I understand it, retired people are not considered unemployed by the BLS. They define labor force as the sum total of employed and unemployed people, therefore the labor force participation rate does NOT include retirees.
Anyone need any 68-69 Ford Torino/Fairlane parts or a Fender Stratocaster?
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