U.S. Jobless Claims Fall to Lowest Level in 15 Years

[Bo-4]

You'll find your answers in the 'growth' number regarding our GDP. We aren't growing, people have stopped looking for work.

Nonsense. Baby boomers are retiring in droves and many have gone into business for themselves.

The latter is a sign of a strengthening economy, higher personal wealth, & home value/ portfolio improvements.

[Peter1469]

Ten thousand people retire a day.. that's 10 million a year times 6 is 60 million since Obama took office. MIGHT have something to do with it. ;-)

http://www.washingtonpost.com/blogs/...ire-every-day/

Additionally, how many jobs have we lost to automation and outsourcing since Obama took office?

Next

I have posted the counter to this twice before. The current crop of unemployment is hitting the younger cohorts the most and older people are staying in the work force longer.

On the other side are those such as senior fellow and director of Economics21 at the Manhattan Institute, Diana Furchtgott-Roth who, in a Jan. 14 piece for RealcCearMarkets.com noted that “since 2000 the labor force participation rates of workers 55 and over have been rising steadily, and the labor force participation rates of workers between 16 and 54 have been declining.”


Which is absolutely true. Since 2003, those 65 years and older have seen their labor force participation rate rise from 13.99 percent to 18.7 percent. Those aged 55-64 saw their rate rise from 62.44 percent to 64.36 percent, a recent Americans for Limited Government (ALG) study of Bureau data from 2003-2013 shows.

***

So, does older Americans working longer, younger people failing to enter the labor force, and the middle-aged dropping out account for the decrease in labor force participation?


Yes on all counts, the ALG study shows.

[Ransom]

Nonsense. Baby boomers are retiring in droves and many have gone into business for themselves.

All is well then Unemployment down, growth strong, the GDP stagnation normal and expected all things considered?

You simply couldn't make this up

[Bo-4]

So....tell us all how many people dropped out of the workforce during Bush' tenure, thanks.

You tell me. I can tell you that Obama's job creation numbers will end up similar to Clinton's.

How does Flubya stack up?

http://blogs.wsj.com/economics/2009/...ord-on-record/

[Ransom]

You tell me. I can tell you that Obama's job creation numbers will end up similar to Clinton's.

How does Flubya stack up?

http://blogs.wsj.com/economics/2009/...ord-on-record/

Bush cut taxes so business could create jobs, not Washington DC

Caught your hand socialist cookie jar beliefs...that government creates jobs.

Busted Leftist. Busted.

[Bo-4]

I know a lot of younger people who stayed in COLLEGE when the economy went to seed in '08.

[Polecat]

[Ransom]

I know a lot of younger people who stayed in COLLEGE when the economy went to seed in '08.

Who was paying their bills then?

Oops.

[Bo-4]

Who was paying their bills then?

Oops.

Depends, why?

[Captain Obvious]

Who was paying their bills then?

Oops.

I don't know about everyone else but when I was in college I paid my own bills.

And my family who I supported, I paid their bills too. And I paid my college tuition myself.

Thanks for asking.