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2.2 Million New Jobs Since Election

  • Offline HandsomeRob86
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12-09-2017, 10:31 PM (This post was last modified: 12-09-2017, 10:32 PM by HandsomeRob86.)

(12-09-2017, 06:26 PM)flsprtsgod Wrote:
(12-09-2017, 06:20 PM)MalabarJag Wrote: Yep. Labor Force Participation Rate is a better measure of the state of employment. Notice how it plummeted throughout most of Obama's tenure. It hasn't gone up much since it hit bottom in 2014. Trump can't claim an improvement, but at least he hasn't caused an Obama level disaster yet.


[Image: latest_numbers_LNS11300000_2007_2017_all...1_data.gif]

That number is about Boomers retiring as it is anything else. Those that didn't get out got RIFd and cant find other work. We need the population to balance by those dear folks passing on before the participation rate matters again.

That is somewhat part of it, but its a bit more than that. People who have given up are called marginally attached and discouraged. Heres something from the Balance on it:
Here's how to calculate the labor force participation rate for October 2017.

 
Number (in millions)  
Percent 
Population (P)
      255.766
 Not in Labor Force
        95.385
   Marginally attached
          1.535
       Discouraged
            .524
 Labor Force (LF)
       160.381     62.7% of Population
   Employed 
       153.861      60.2% of Population
   Unemployed
        6.520        4.1% of Labor Force

https://www.thebalance.com/labor-force-p...es-3305805

Edit: looks better on the source. Can't paste screen shots for some reason.


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Messages In This Thread
RE: 2.2 Million New Jobs Since Election - by FBT - 12-08-2017, 05:19 PM
RE: 2.2 Million New Jobs Since Election - by FBT - 12-08-2017, 05:25 PM
RE: 2.2 Million New Jobs Since Election - by HandsomeRob86 - 12-09-2017, 10:31 PM



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