Nov 06, 2015 2:00 PM GMT
This graph tells the real story behind the "fantastic" 5% unemployment rate... for those smart - or honest - enough to see it.
Here's What's Really Going On With Baby Boomers And The Labor Force
Feb. 24, 2014, 4:28 AM
Millions of "baby boomers" — a generation typically defined as those born during the post-war baby boom that took place between 1946 and 1964 — have retired from the workforce over the past six years.
This is putting massive downward pressure on the total labor force participation rate...
...meanwhile, account for another 20% of the drop in participation, and discouraged workers — those who have left the labor force because they couldn't find a job — only account for 11% of the decline, as Terry notes.
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There are more full-time jobs than before the Great Recession hit
Published: Nov 6, 2015 10:57 a.m. ET
the U.S. economy now has more full-time jobs than it had before the onset of the Great Recession.
After 185,000 full-time jobs were created in October, the total number of positions rose to 122.02 million. That tops the 121.61 million mark in December 2007, the start date for the recession.
The recovery has, despite popular conceptions, been led by gains in full-time positions. In the last 12 months, for example, 2.34 million full-time jobs have been added, while 507,000 part-time jobs have been lost.
That said, the jobs market was 83% full-time when the recession hit. It’s 82% now
theantijock saidlol it's from your own Business Insider source. last year but still applicable. Same source where you got your graph. lol
Ex_Mil8 saidtheantijock saidlol it's from your own Business Insider source. last year but still applicable. Same source where you got your graph. lol
southbeach1500 saidAnd the population growth from immigration has far outpaced the growth in full time jobs, Mr. Anonymous "hidden member."