quote:Looks like the labor participation rate and the baby boomer population match up to me. Pretty spot on.
From your link, the "Labor Force Population" number is not used to calculate unemployment, only participation rates.
the decline has nothing to do with “retiring baby boomers.” That trend line has been flat since President Obama took office. In fact according to Daniel Hartley, a research economist with The Federal Reserve Bank of Cleveland:
While the young and middle-aged have been hopping out of the labor pool, older Americans have been hopping in. The participation rate of people 55 and up has been increasing since the mid-1990s (although it has pretty much flattened out since 2007). Some attribute this change to seniors’ improving health, which allows them to continue working later into life. Others maintain that the financial crisis may have adversely affected retirement accounts, causing older workers to delay retirement in order to rebuild their savings.
So when the markets go up, it isn't entirely insignificant.
quote:While Labor Force Population is used to calculate Labor Participation Rate, it would only make the participation rate go up if older people are staying in. So while the article you quote is correct, your statement is false... at least according to Southern Elite's link.
it's about people entering the workforce. there are more people entering than leaving.
it's not about people retiring though. it's about people entering the workforce. there are more people entering than leaving.
The housing bubble obviously caused us some problems
And homes being more affordable helps younger people get access to owning homes
I'm not sure why people desire to have a fake inflated housing market again but I guess they need something to bitch about.
Posted by Powerman quote: it's about people entering the workforce. there are more people entering than leaving. And we're probably on the brink of that trend reversing within a couple of years. All these retirement aged people will retire provided that their retirement accounts keep growing And there are A LOT of them. I think you're going to see a massive amount of people retire in the coming years. Hopefully we will have the skill to replace the positions that they leave vacated.
quote:Silliness? As it is to assume past return equates to future performance?
But to act as if it's an afterthought when markets are performing well is just sillyness
Are we finally out of the recession?Be prepared for all of the people on this forum to tell you how that's really a bad thing somehow
I may have to do a slight mea culpa, as what I was saying was correct, but referring to a wrong graph. But if participation rates are down, wouldn't that mean that more people are leaving than entering the workforce?
Can you show me where Unemployment numbers do not include people above 65 seeking employment?
quote:And you are acting as if that money is safe and absolute. Is that your impression?
We're knocking on the door of 20 trillion in wealth in these accounts and people are acting as if it's an afterthought that the markets are performing so well.