US unemployment rate drops 0.3% to 7% - lowest in 5 years (user search)
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  US unemployment rate drops 0.3% to 7% - lowest in 5 years (search mode)
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Author Topic: US unemployment rate drops 0.3% to 7% - lowest in 5 years  (Read 2342 times)
Beet
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« on: December 09, 2013, 10:47:54 AM »

This is more or less a function of people dropping out of the labor force since the economic situation is so poor.  A better way of looking at it is the  Labor Force Participation Rate by each age bracket so we can filter out the effect of baby boomers entering into retirement age.

Labor Force Participation Rate for age 25-34: 81.5%.  Was 82.9% when the Obama regime came into office.

Labor Force Participation Rate for age 35-44: 82.3%.  Was 84.1% when the Obama regime came into office.

Labor Force Participation Rate for age 45-54: 79.6%.  Was 82.0% when the Obama regime came into office.

Labor Force Participation Rate for age 55-64: 63.9%.  Was 65.3% when the Obama regime came into office.

So overall, for people in working age brackets, the labor force participation is around 2% lower today as in early 2009 which was already dropping quickly from its peak in early 2008 due to the onset of the recession.  5 years after the start of the "Obama recovery" we are still 2% lower in terms of labor force participation for people in prime working age.

The only "bright spot" of the  labor force participation rate since 2009 is the rate for people 65 and older.  It rose from 17.1% to 18.6% which is more a function of the people who should be in retirement but had to work due to low income from fixed income which in turn is a function of the poor economy that led to near zero interest rates.

Seriously jaichind, cut the "regime" crap. This is a democracy and we don't have "regimes." If you can't grasp the significance of that word, go back to China or wherever you're from and see what a real "regime" is.
He's from Taiwan.  Real democracy isn't big on his agenda.  Only money.

Taiwan is a democracy.

I suppose Deroy Murdock is Chinese too?
http://www.nationalreview.com/article/356514/obama-regime-deroy-murdock

jaichind's use of that silly term is a result of his extreme right wingism; it has nothing to do with his ethnicity.
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