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The shrinking labor force in perspective.
Posted: Sat May 05, 2012 11:37 am
by CitadelGrad
http://www.washingtonpost.com/blogs/ezr ... ml?hpid=z1
If the same percentage of adults were in the workforce today as when Barack Obama took office, the unemployment rate would be 11.1 percent. If the percentage was where it was when George W. Bush took office, the unemployment rate would be 13.1 percent.
Re: The shrinking labor force in perspective.
Posted: Sun May 06, 2012 4:29 am
by kalm
CitadelGrad wrote:http://www.washingtonpost.com/blogs/ezr ... ml?hpid=z1
If the same percentage of adults were in the workforce today as when Barack Obama took office, the unemployment rate would be 11.1 percent. If the percentage was where it was when George W. Bush took office, the unemployment rate would be 13.1 percent.
That's what I was suspecting in your other thread. Good article Graddy.
Re: The shrinking labor force in perspective.
Posted: Sun May 06, 2012 6:29 am
by DSUrocks07
Retiring baby boomers ARE a factor. Its a generational issue (almost?) as much as a political one.
Re: The shrinking labor force in perspective.
Posted: Sun May 06, 2012 8:43 am
by CitadelGrad
DSUrocks07 wrote:Retiring baby boomers ARE a factor. Its a generational issue (almost?) as much as a political one.
Baby boomers have been retiring for only a couple of years (assuming 1944 as the beginning of the generation and a retirement age of 65). That doesn't account for the trend or the acceleration of the trend over the past three or four years.