Quote:
Originally Posted by Rochard
Yes. Exactly.
Retirees, housewives, students, etc, aren't counted in the labor force. But they are included in the participation rate. The participation rate includes EVERYONE OVER THE AGE OF SIXTEEN PERIOD.
And once again, this entire discussion is silly and has nothing to do with the economy or Obama. The decline started in 2000, as the baby boomer generation got older started to retire.
And again, to kill your argument.... The unemployment rate was cut in half during Obama. The labor participation rate would be going up as the economy improves.
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The argument is the monumental decline in participation rate during Obama's admin. Sorry but that isn't from retiring baby boomers which is the decline that you speak. Notice the graph takes a HUGE downward spiral during his Admin. That's because they changed how it's all figured. They admitted this much.. What did they change? I can't find it anywhere. What do most people speculate? That they created a new category of people excluded (those not seeking work) Why did they do that? To inflate the unemployment numbers and make it appear the economy is thriving when all other indicators say it's flat lined at best..