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Politics : President Barack Obama
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To: Road Walker who wrote (128539)12/7/2012 7:35:53 PM
From: tejek  Read Replies (1) of 149317
 

With more than 200,000 boomers exiting the labor force each month through retirement, the rule of thumb that the economy needs to add 140,000 jobs per month to keep up with population growth no longer holds. The new normal is 100,000, which is why 150,000 new jobs a month has brought the unemployment rate from 9.5 percent to 7.9 percent over the last two years.

Its also probably why the recovery and economic expansion has not been all that strong throughout the aught years. Lots of people are retiring and reducing their expenditures.
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