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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.01+1.6%4:00 PM EST

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To: carranza2 who wrote (132109)3/15/2017 1:43:03 PM
From: Elroy Jetson  Read Replies (1) of 217713
 
You're correct about one fact. The Labor Force Participation Rate includes people 16 years and older rather than 18 years and older as I had mistakenly recalled. So it's shocking to learn that a massive big-government program, called High School, keeps many from participating fully in the labor force during normal work hours. Clearly a new national scandal for Fox News to titillate viewers with!

The U3 Unemployment Rate includes only those 86 year olds who are looking for work. The U6 Unemployment Rate includes 58 year olds who would like to work but have given up looking.

The U6 Unemployment Rate is the statistic you're talking about. - macrotrends.net

The Labor Force Participation Rate is the ratio of "those working or looking for work" divided by "the total number of people 16 and over". If you're older than 16 you're in the denominator of this statistic whether you want to work or not at the age of 86 or any other age. - bls.gov

This is why our aging population is driving this statistic Republicans have been so fond of misusing.

The labor force participation rate makes no evaluation or value judgements about why people are not participating, only whether they are or are not. But many Republicans do view this not very meaningful statistic with an intense sense of judgement. Will Trump improve this statistic by sending the elderly to death camps, eliminate High School after the 16th birthday, round-up wealthy people and send them to labor camps, - you know the usual fascist nonsense.
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