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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (911870)	1/3/2016 11:18:12 PM
From: puborectalis	Respond to of 1576160

keep dreaming....naivete is not an endearing trait

To: i-node who wrote (911870)	1/3/2016 11:19:44 PM
From: puborectalis	Read Replies (2) \| Respond to of 1576160

When Barack Obama took office in January of 2009, the labor force participation rate was 65.7%. As of March 2015, the labor force participation rate was 62.7%. It has declined by 3% since he took office. This has often been a talking point on the right. Whether it’s Reince Priebus or Lindsay Graham, they warn the American people not to be fooled by the declining unemployment rate. They say the real reason behind declining unemployment is the declining labor force participation rate. Essentially, Obama’s economy has become so bad that able-bodied working class Americans have just given up looking for unemployment. While it’s certainly true that part of the decline in the labor force participation rate is due to people dropping out of the labor market, the majority of the decline in the labor force participation rate is due to changing demographic trends: primarily, the aging populations and increased retirement of baby boomers. The Congressional Budget Office released a report in February 2014 which stated that about half of the labor force participation rate is explained by changing demographics and retiring baby boomers. The other half is the result of a sluggish recovery, though. The Federal Reserve released a report on the labor force participation rate and they came to a similar conclusion, except they estimate that 65% of the decline in the labor force participation rate can be attributed to changing demographics.