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re: Record 95,102,000 Americans Not in Labor Force; Up 18% Since Obama Took Office
Posted on 1/6/17 at 5:30 pm to mmcgrath
Posted on 1/6/17 at 5:30 pm to mmcgrath
quote:It's been EIGHT YEARS!
In actuality, short term recessions cause the LFP rate to spike as some of those stay at home moms and early retirees jump back into the workforce to make ends meet. People close to retirement hold off. Then when the recession is over the rate falls back down to where it would have been if it followed the trend
1
Posted on 1/6/17 at 5:47 pm to NC_Tigah
quote:Spike, as in to go up. I was mostly referring to the blip you see between 2006 and 2010 on the LFP rate graph, but you already know that. LFP follows trends spanning decades and are unaffected by any national policy or economic conditions except in the short term. The only way to artificially raise it is to sink the economy.quote:
In actuality, short term recessions cause the LFP rate to spike as some of those stay at home moms and early retirees jump back into the workforce to make ends meet. People close to retirement hold off. Then when the recession is over the rate falls back down to where it would have been if it followed the trend
It's been EIGHT YEARS!
This post was edited on 1/6/17 at 5:48 pm
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