What gets confusing to me is the number of people who dropped out. yesterday if I read it correctly the BLS number of people dropping out was 239k
But most media reported it as 130k
and #2
yesterday’s reports said the number included people who reached retirement age
but I thought the drop out number did NOT ever include people who retired dur to age
If it does include age retired pple then the unemployment rate going down is probably a good thing
The other side of the equation is the young people entering (or in this economy trying to enter) the workforce, so the people who have left the workforce due to retirement should be balanced out by the young people entering the workforce. IOW, the participation rate is dropping even with the young people entering the workforce.
That's how I understand how this works anyway. If anyone knows otherwise, please share.