2seaoat wrote:Patience is not one of my virtues, but you do realize the labor participation rate is a historical index? You do realize the population bubble which IS the largest grouping in our population twenty years ago was at its peak participation. That as that bubble started retiring five years ago lo and behold the labor participation rates began to drop. Your absurd proposition that retired people only represent 18% of the population only confirms how lost you are. You say this without any indication of the actual retirement age of Americans, not the arbitrary date eligibility for social security. How many people do you know who have retired in their fifties and now enjoy life and pick up some part time work to supplement their savings and pensions? So when you use the 18%, it is not a lie, but a total lack of conceptualization of what is happening in America. The babyboomers had productive years which allowed them in record numbers to retire early. Please explain your understanding of why the participation rate has declined, and if you are going to use your math skills......keep it simple.....like adding and subtraction.
You just keep pushing the lie you've been told. There is no help for you.
The unemployment rate is the highest in the YOUNGER GROUP seaoat.
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Unemployment was higher for the 15–24 year age group than for the labour force overall. In 2013, the unemployment rate for this age group was 18.4 percent.
Over a million adults are not in the labour force
##Over a million adults (people aged 15 years and over) were not in the labour force in 2013 – up 10.0 percent since 2006. Almost 1 in 3 people (32.9 percent) aged 15 and over were not in the labour force.
##Women made up 60.0 percent of those not in the labour force.
Rise in employment for people aged 65 years and over
##The percentage of people aged 65 years and over who were employed nearly doubled since 2001. In 2013, 22.1 percent of those aged 65 years and over were employed compared with 11.4 percent in 2001.
http://www.stats.govt.nz/Census/2013-census/profile-and-summary-reports/quickstats-about-national-highlights/work.aspx
Older people are still working and younger people are NOT.
HELLO..............................................