Posted on 05/04/2019 9:04:07 PM PDT by where's_the_Outrage?
Why are the people that quit looking for work keep increasing?
I believed that Obama falsified this numbers to get he employment rates lower. Now I fully expected Trump to use the same measures om calculating the percentages, however why with a booming economy are these numbers increasing?
From 2016: US unemployed have quit looking for jobs at a ‘frightening’ level: Survey: https://www.cnbc.com/2016/06/08/us-unemployed-have-quit-looking-for-jobs-at-a-frightening-level-survey.html
"“not in the labor force” swelled by 664,000 to a record 94.7 million Americans, according to Labor Department data."
The current numbers: 95,208 (Feb 2019) 95,577 (Mar 2019) 96,223 (Apr 2019)
I would hope the not in labor force would be less than the 2016 94.7 million statistic.
The baby boomers retiring has a lot to do with it.
So the boomers made additional retirement plans other than Social Security?
That is not what I have seen. Glad to know boomers are smarter than those Americans that Believe SS (GVT) will take care of them.
People are still trying to get disability and others are retiring.
Because I are work Not!
The baby boomers are a huge cohort. They are going to be leaving soon. Then, who cares.
The Labor Force Participation rate fell to mid-70s numbers under Obama. This is the long-term unemployed not registered by current unemployment numbers. Current numbers only measure new applications for unemployment... after 99 weeks, you’re no longer eligible. They are simply no longer counted in the statistic.
I think we’re seeing the long-term unemployed returning to the workforce.
I am fully retired, I am actually getting 30% more in SS than I planned. With the help of my military retirement, annuity, rental property, and IRAs I am cruising. Hope boomers have planned the same, but I have not seen that.
https://fred.stlouisfed.org/series/CIVPART/
perspective.
Also what matters is the rate.
Note that its a jumpy number, from quarter to quarter.
Give it time.
I have applied for current jobs as current of a week ago. And was not contacted. However, the truth is that I am demanding more than they will pay. So it is on me.
Can I borrow $12.40 cents?
I’ll give you my personal note to pay it back within 30 days.
If I don’t, you can keep the note.
In the 2010 Census, the number of people under age 18 was 74.2 million (24.0 percent of the total population). The younger working-age population, ages 18 to 44, represented 112.8 million persons (36.5 percent). The older working-age population, ages 45 to 64, made up 81.5 million persons (26.4 percent).
That 95 million has to include the under 18 and over 65, otherwise only half of 18 to 65 are working
Different surveys with different methods.
“Give it time.”
I believe I have. 2+ years. Time to rates to level and get real.
American Welfare State pays a shit-ton of people to simply stay home. It loans massive amounts of money to enslave students to “go to school.” Massive regulation and licensing deter people from even doing simple businesses.
I think boomers retiring is the biggest component, but also the welfare/underground economy is quite large. Women with children on welfare can get the equivalent of 60k. Most of those people can’t get that much in the labor force, at least starting out after having been out of the labor force so long. While there are a lot of jobs available now, there are still disincentives to get a job.
I retired at 60 because I could. I planned it out so why should I continue to work when the plan worked out like a charm? Most people never set a plan in motion and never retire.
LOL. You have no idea. 2-3% return a month is possible. Depends on the risk you can accept.
Put your car/house as collateral I may accept.
Because people are retiring
That's about six month's worth of illegal aliens jumping the border.
Not that they are getting jobs or anything. /s
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