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

To: PKRBKR who wrote (919146)	2/4/2016 2:18:39 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1573502

Pkrbkr, Look up the definition at BLS. They do not count. From Google: The country's labor force participation rate – which measures the share of Americans at least 16 years old who are either employed or actively looking for work – dipped last month to a 38-year low, clocking in at an underwhelming 62.6 percent.Jul 16, 2015 Nothing in that definition says that retired people are excluded. Tenchusatsu

To: PKRBKR who wrote (919146)	2/4/2016 4:35:58 PM
From: TimF	Respond to of 1573502

Labor force participation rateThe labor force as a percent of the civilian noninstitutional population.http://www.bls.gov/bls/glossary.htm#L Which would make it seem that they do count. They aren't part of the labor force, but they are part of the civilian institutionalization population. Also they were part of the labor force before they retired. If you had 20 people (all not in prisons and not committed to inpatient mental facilities). 10 of which wanted to work and where either working or looking for a job (not caring to work, discouraged from looking, or retired), and 8 of which were employed. You would have a labor force participation rate of 50% (10 out of 20) and and unemployment rate of 20 % (2 out of 10). Then if you have 1 of those 8 workers retire and 1 of the non-working labor force retire, the unemployment rate improves to 12.5% (1 non working job seeker in a labor force of 8), but total employment is down by 1 person, and the labor force participation rate drops to 40 percent (8 out of 20).