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I didn't say the LFPR dropped every year -- I said every year except '07 -- height of the real estate bubble. I'll have to amend that -- it was every year except '06 and '07. You can see the clear trend in the graph linked below. The labor force grew consistently throughout Clinton's presidency, then fell consistency through Bush's presidency to the present, with a brief blip represented by the real estate bubble:
Notice: Data not available: U.S. Bureau of Labor Statistics
Employment by year, January of each year
2000 136559
2001 137778
2002 135701
2003 137417
2004 138472
2005 140245
2006 143142
2007 146032
2008 146421
2009 142221
2010 138333
2011 139323
Labor force by year which once again shows you don't have a clue as to what you are talking about
2001 143800
2002 143883
2003 145937
2004 146842
2005 148029
2006 150214
2007 153133
2008 154060
2009 154185
2010 153353
2011 153186