- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Labor force participation drops to 62.8%, lowest since Carter administration
Posted on 9/5/14 at 3:58 pm
Posted on 9/5/14 at 3:58 pm
And an all-time record for gross numbers
Bureau of Labor Statistics
Article
quote:
A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics.
Bureau of Labor Statistics
Article
10
Posted on 9/5/14 at 3:59 pm to genro
How many are over 60? Aren't we currently experiencing an extreme graying with all tr boomers "retiring"?
Posted on 9/5/14 at 4:00 pm to genro
But in a good way.
I just add that after every piece of economic news. It makes me feel better.
I just add that after every piece of economic news. It makes me feel better.
Posted on 9/5/14 at 4:02 pm to genro
10 percent of the labor force in California are illegal aliens.
= JOKE.
= JOKE.
Posted on 9/5/14 at 4:04 pm to baybeefeetz
quote:
How many are over 60? Aren't we currently experiencing an extreme graying with all tr boomers "retiring"?
Differing opinions on this. But the highest estimate I've seen says that less than half of the drop in labor force participation rates is due to boomers leaving. Given that boomers are actually staying in the workforce longer, I'd guess that it's far less than half the decline in participation rates since 2008.
Posted on 9/5/14 at 4:06 pm to genro
Is there any consideration given to the fact that a lot of people in their 60's and 70's who had planned to retire over the past 8 years but held off b/c of the down economy have now decided that their assets are "adequate" for retirement, so that's why we're seeing a partial acceleration of the decline? The market is at an all time high and real estate is now firing well in most areas of the country, so the net worth of these retiring Boomers is probably healthier than it's ever been, helping expedite their exit.
I'm not arguing your overall point, I'm just wondering if my theory softens the blow a tad...
I'm not arguing your overall point, I'm just wondering if my theory softens the blow a tad...
This post was edited on 9/5/14 at 4:08 pm
Posted on 9/5/14 at 4:07 pm to genro
The decline is sincere. 
Posted on 9/5/14 at 4:08 pm to SirWinston
Except people who are at traditional retirement ages are actually increasing their labor participation rates because of 2008 and probably their uncertainty moving forward.
Posted on 9/5/14 at 4:09 pm to SirWinston
I haven't argued a point. The OP is just statistics and facts.
This post was edited on 9/5/14 at 4:10 pm
Posted on 9/5/14 at 4:10 pm to the808bass
quote:
are actually staying in the workforce longer,
I'd love to see the polling data on how many want to vs. have to.
Posted on 9/5/14 at 4:13 pm to genro
Forward
Posted on 9/5/14 at 4:15 pm to WeeWee
More people would have jobs if they raised their pay.
Well that's what the Dems would tell you.
Well that's what the Dems would tell you.
Posted on 9/5/14 at 4:27 pm to doubleb
quote:
More people would have jobs if they raised their pay.
Well that's what the Dems would tell you.
Why stop at $15, why not $50 or $100?
Posted on 9/5/14 at 4:29 pm to baybeefeetz
quote:
How many are over 60? Aren't we currently experiencing an extreme graying with all tr boomers "retiring"?
Posted on 9/5/14 at 4:31 pm to Taxing Authority
I feel bad for the progs, the data just doesn't support their fantasy world.
Posted on 9/5/14 at 4:32 pm to genro
Tiger n Miami said the other day that everything was going great though......
Posted on 9/5/14 at 4:38 pm to genro
Carter must have really sucked because it has taken Obama 6 years to accomplish what Carter did in 4.
Posted on 9/5/14 at 4:41 pm to wickowick
quote:
Why stop at $15, why not $50 or $100?
Exactly, more people would work if employers could be like the UD govt. and print money.
100 dollar an hour minimum wage would be nothing.
Posted on 9/5/14 at 4:42 pm to Wild Thang
quote:Tiger n' miami is a bitch and a troll.
Tiger n Miami said the other day that everything was going great though......
Posted on 9/5/14 at 4:52 pm to the808bass
quote:
Except people who are at traditional retirement ages are actually increasing their labor participation rates because of 2008 and probably their uncertainty moving forward.
Are we sure that this data isn't lagging behind reality? It's totally anecdotal but I know of 4 well-compensated executives or middle managers who have retired in the past 3 months. All in their mid to late 60's. They fit the mold of what I was talking about. Again, anecdotal so obviously a grain of salt here.
This post was edited on 9/5/14 at 4:53 pm
Page 1 of 3
Back to top
Follow TigerDroppings for LSU Football News