So when they come back like 500,000 did last month they become counted again but not when they decide the labor market isn't good enough to find a job? They are different than retirees because they jump in and out of the work force, most retirees don't. AND YES THEY ARE UNEMPLOYED1063130498]No. Because they are no longer participating in the labor market. Same for other marginally attached, retires, and anyone else who leaves the labor force.
Whether or not they are looking for work is a subjective term, if they are of working age, employable they should be counted in the labor force. Discouraged workers do indeed benefit the incumbent in the official unemployment rate numbers.It depends on whether or not they're still looking for work. Benefits have nothing to do with labor force classification...less than half counted as unemployed receive benefits.
they lower the labor force number same as anyone else leaving the labor force
I wonder which is worse to you, 700,000 unemployed or an economy that created 700,000 discouraged workers since both affect the unemployment rate
Moderator's Warning: Let's focus on the topic folks and not personal back and forths about off topic crap
"I am appalled that somebody who is the nominee...would take that kind of position"
"A court took away a presidency"
"...the brother of a man running for president was the governor of the state..."
It's horrifying because Trump is blunt instead of making overt implications.
Last edited by Travis007; 04-08-14 at 03:07 PM.
Now, I will concede that 'boomers' retiring are going to have some effect, but to pin the whole malaise on retirees is ludicrous. Retirees can be measured quite easily using either the SS roles, or Medicare roles to determine if these non participants are discouraged workers, or people over 65 that have retired. Either way, it is, or at least should be unacceptable to anyone in this nation, Conservative, Liberal, Progressive, or Socialist, etc. that the Bull **** we are being fed is that because the labor participation rate drops, which is making the UE rate falsely look like it is coming down, and we are supposed to think that is a good thing. We are supposed to think that this is what Obama had in mind when he pushed through borrowing over a Trillion dollars to "stimulate" the economy....I would rather he just said he was going to steal the money, and give it to his friends. At least that would have been somewhat honest.
Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.
Alexis de Tocqueville