Labor Participation Rate Hits 34-Year Low

Discussion in 'Too Hot for Swamp Gas' started by mocgator, Aug 29, 2013.

  1. mocgator
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    mocgator Well-Known Member

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    The obvious outcome of liberal policies and no real focus on improving the business climate... This is not Bush's fault so save it. This is the inevitable outcome of an anti freedom, anti business, and anti capitalism regime.

    Now back to Travon, global warming and gay marriage... you know... the important stuff..

    http://www.breitbart.com/Big-Government/2013/08/28/Labor-Participation-Rate-Hits-34-Year-Low

    The percentage of Americans who have a job or are looking for one, known as the labor force participation rate (LFPR), has plunged to a 34-year low, according to a new report from staffing company Express Employment Professionals.

    [​IMG]

    "Following the Great Recession, we've entered into the Great Shift," says Express Employment Professionals CEO Bob Funk, who previously served as chairman of the Kansas City Federal Reserve Bank. "This is a period defined by the Boomer retirement, Millennial frustration, and growing reliance on government programs. All indicators suggest this shift is not sustainable."

    The New York Times reported on the study and suggested that "another cause [of the Great Shift] may be the rise in the number of workers on disability."

    A record 8,733,461 people now receive disability benefits, a figure greater than the population of New York City.

    Today, nearly 90 million Americans are no longer in the labor force.
  2. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    It's actually the obvious outcome of this

    [​IMG]

    But I don't want to get in the way of a good ole fashioned partisan rant.
  3. mocgator
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    mocgator Well-Known Member

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    You really need to look at your chart and mine again. Give it a hard look.
  4. gatorman_07732
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    gatorman_07732 Well-Known Member

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    What your graph fails to explain is the record number of 50+ year olds out of work
  5. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    The labor force participation rate has been going down since 1998. I have done an inverse of the birth rate graph overlapped on the participation rate graph 60 years later and it's basically a perfect match.
  6. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    In other words, Dem, Pub, doesn't matter. A declining participation rate is a guarantee, at least over the next 10-20 years.
  7. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Please explain. People who are close to retirement age started spiking about 14 years ago, a 60 year parallax with the increase in birth rate.

    Use your noggin on this one.
  8. rivergator
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    rivergator Well-Known Member

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    I'm not sure what's behind it. The participation rate started rising in the mid-'60s and rose steadily until the late '90s. They've been declining ever since. But they're still well above the 1950s, which a lot of people seem to think were the glory days. If a participation rate of 63 percent means the country is really hurting, did the 1950s rate of 58, 59 percent mean the country was one giant hell hole back then?

    As far as why they're dropping, I don't know.
    Are they going down because people who need and want to work can't find jobs?
    Or is it because more wives don't need to work because their husbands make enough? (or vice versa)
  9. jimgata
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    jimgata Premium Member

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    You had to work for what you got in the 50's. Money was not all that easy to come by, but no one broke out in a rash when the word WORK was spoken.
  10. dangolegators
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    dangolegators Well-Known Member

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    The labor participation rate went up because more women started working, which was also 'the obvious outcome of liberal policies', I'm sure, as far a Moc is concerned. The labor participation rate is going down now because a greater percentage of Americans are at or above retirement age combined with the lingering effects of the recession. This is also the fault of liberal policies according to Moc.
  11. wgbgator
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    wgbgator Sub-optimal Poster Premium Member

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    Everyone walked 10 miles in the snow uphill both ways to work too, didn't complain one bit. Got sticks and coal for Christmas every year too, made a trainset out of it, and got a firm handshake and "at a boy" on birthdays. Farts smelled like roses too. I tell you, those were the days.
  12. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    "The old days were better"

    - some dad in literally every generation ever
  13. OklahomaGator
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    OklahomaGator VIP Member

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    The labor force participation rate that was in the first graph is a PERCENTAGE of the workforce that is working or looking for work. It has nothing to do with the baby boom or retirement. If you are retired you are not in the labor force to begin with.

    But I don't want to get in the way of a good ole fashioned liberal close my eyes to the problem lets follow Obama to the grave position. :roll:
  14. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    That is still directly related as people near retirement age (which is older than the age most people retire) leave the workforce. As they constitute an increasing percentage of people counted in the workforce.

    And if you suppose that recognizing this means "following Obama to the grave," I'd also be "following Bush to the grave" since the pattern started there.
  15. LeesGator
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    LeesGator Active Member

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    Job market still sucks, no way to spin that. However, several factors contribute to that, not just "liberal policies".
  16. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Yeah I would never argue that the job market is doing well nor that Obama is a good economic president. But you have to look at the trend and the things that contribute to it.
  17. philnotfil
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    philnotfil Well-Known Member

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    What is the ideal labor force participation rate? Are we moving towards that ideal or away from that ideal?
  18. rivergator
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    rivergator Well-Known Member

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    that is the question, isn't it?
  19. dangolegators
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    dangolegators Well-Known Member

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    Well, you're completely wrong. The labor force participation rate is the percentage of working age Americans (aged 16 and older) who either have a job, or are looking for a job. The numerator is the labor force. The denominator is number of Americans 16 or older. So this, of course, has plenty to do with the baby boom or retirement because when people retire they fall out of the labor force (the numerator), but remain Americans (the denominator). People from their late 50s on are much more likely to retire than younger people are, so the baby boom definitely has an effect.

    No one has claimed that retirement is the only reason the labor force participation rate is going down, but it is one of the major reasons for it.

    But don't worry, you're not getting in the way of anything, other than the facts.
  20. dadx4
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    dadx4 Well-Known Member

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    You guys are really giving the worst labor participation rate in 34 years and you are blowing it off and blaming everything else. You liberals crack me up. I am sure it's because of kiosks and atm's that are doing this and NOT Hussein's policies.

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