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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.19

-0.1%

Jan 16 9:30 AM EST

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To: Lizzie Tudor who wrote (65724)	7/3/2004 9:12:42 AM
From: RetiredNow	Read Replies (1) of 77400

Hi Lizzie, to prove my point about only needing 75-100K new jobs creation per month going forward, I went to www.bls.gov and compiled some statistics on the total civilian labor force. Below is the average monthly growth in the labor force for each decade since 1950 (in thousands): Decade Ending --------------- 1960 = 69 1970 = 111 1980 = 197 1990 = 157 2000 = 143 2004 = 95 As you can see, as the demographics of our labor pool changes and the baby boomers start to retire in massive waves, the net average monthly growth in our civilian labor pool is slowing down dramatically. There just aren't enough people to replace all those baby boomers retiring. This means that our economy DOES NOT need to create as many new jobs as it has in the past to lower the unemployment rate. In addition, it means that wage growth will continue and that within a few short years as the baby boomer retirement accelerates, more and more people will find that if they want a job, there will be plenty available.

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