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

To: PKRBKR who wrote (918944)2/3/2016 1:38:33 PM
From: gronieel2  Read Replies (1) | Respond to of 1573439
 
...Once a person retires, regardless of age, they are no longer considered a part of the workforce so they don't factor into the calculation....

How do you know when a person retires? Take Allen for example, nobody would know whether he was retired or just waiting for another court appointed witnessing gig.





To: PKRBKR who wrote (918944)2/3/2016 7:25:24 PM
From: TimF  Read Replies (1) | Respond to of 1573439
 
They don't factor in to the unemployment rate.

So if you define full employment by the unemployment rate it ignores changes in labor participation. If you had one employed worker, and 320 million people who were not even looking for a job, you would have a zero percent unemployment rate.

Retired people do factor in to the labor force participation rate.


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