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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (65664)	2/10/2012 6:43:44 PM
From: DuckTapeSunroof	1 Recommendation Respond to of 103300

Re: "labor force participation rate" I made a similar point (another thread I think) when there was some discussion of the latest [monthly] Bureau of Labor Statistics "employment data" that was released (showing a decline in the percentage of unemployed larger than just the roughly quarter million of new hires would seem to have been able to produce). Some others remarked that the "participation rate" had declined (and so it has). I guess their comment was an attempt to deprecate the decline in the "headline number" for unemployment. The reply comment that I made simply tried to point out that approximately some 10,000 or so folks A DAY were entering the draw-down phase of their participation in Social Security, as the leading edge of the Baby Boom transitioned from work to retirement. Naturally, a goodly number of those are 'fully' out of the labor force now and that accounts for a very big portion of the recent decline in work force participation levels. Still are some folks (as happened quite a lot in the early innings of the Great Recession) dropping out of the labor force count because of being too discouraged to continue looking for work... but those are DECLINING in raw numbers now while the amount of folks retiring into the Social Security because of demographic aging are the much larger raw number currently, and will continue to increase for several more years yet to come.