Quote:
Originally Posted by onwebcam
You don't know how to read do you? Honestly?. THOSE PEOPLE ARE NOT INCLUDED IN THE LABOR FORCE. Does that help?. Re-read it if you have to. " It is important to note that we do not include people under the age of 16 in this figure. In addition, students, retirees, the disabled, homemakers, and the voluntarily idle are not counted in the labor force." Now drill that into your head.
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Correct. They are not included in the labor force because they are they are not working. But they are included in the total population.
Here is the equation:
Labor Force Participation Rate = (Labor Force /
Total Population over Age 16) * 100
When they say "total population over age 16" they mean EVERYONE over the age of sixteen. It does not mean "everyone over the age of sixteen minus retired people, disabled, students, people who pick their nose, etc.
Again.... This decline took place long before Obama took office which makes your entire point invalid.