Posted On: 02/05/2016 2:05:46 PM
Post# of 65629
Quote:
Completely inaccurate. When every one beats up Jimmy Carter...and unemployment...I also refer to the participation rate. It was rising dramatically during that period. Just the opposite currently....so..yet again...a complete skew with a poor sample.
No, not completely inaccurate. The 4.9% is what it is. No one any more disputes that the 'real unemployment' rate is higher.
But so was it under past presidents. Now, that term is used
as a club to devalue the fact that the job numbers have improved despite Republican predictions that they wouldn't.
Also that 'hump' and decline in job participation exactly parallels the baby boomer generation peak earning years followed by retirement.
The '46, '47 and '48 year boomers rolled into retirement over the past 5 years. And the continuing retirements right up to the end of the boomers...'63...means that it will be difficult to get participation rates up.
That doesn't mean the effects of automation and outsourcing aren't in play as stated, it just means what I've stated was completely overlooked in the article posted.
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