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View Diary: Nothing to celebrate: Behind the unemployment numbers (84 comments)

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  •  That graph is garbage (0+ / 0-)

    Sad to see you giving the tin-foil hatters over at Zero Hedge any credence.  

    That graph only shows us that the boomers are a huge demographic in total number terms.  And it does not address the numbers leaving the labor force (over 1.5 million 65+ in the last year alone).  

    •  Sad to see that you dismiss me so easily (1+ / 0-)
      Recommended by:
      denise b

      Then check out this chart. Or are you going to dismiss the Fed too?
         It seems the Bonddad blog personal hatred of me remains strong.

       yes, there has been a big season drop in the last few months, but the trend since 2009 is extremely clear: baby boomers 65 and older are staying in the workforce more and more.
         That can only mean one or two things: 1) the kids aren't entering the workforce out of high school, 2) working age people are dropping out by going on disability.
         Neither conclusion points towards a strong job market.
       photo 65_zps8dc895a5.png

      None are so hopelessly enslaved, as those who falsely believe they are free. The truth has been kept from the depth of their minds by masters who rule them with lies. -Johann von Goethe

      by gjohnsit on Fri Aug 02, 2013 at 02:57:25 PM PDT

      [ Parent ]

      •  It doesn't imply much (0+ / 0-)

        other than people are living longer, staying healthy, and have less stressful jobs.  

        You are still having a big math problem.  It doesn't matter that the part rate is going up for those 65+, as since it is still below the overall part rate (by a lot) and since boomers are a huge gross number, they are dragging the overall part rate down and still leaving the labor force in record numbers (1.5 million + in the last year and 300k+ this month).  

        •  Wow (0+ / 0-)
          other than people are living longer, staying healthy, and have less stressful jobs.
          I'm impressed. The other chart was "garbage" because it came from a source you didn't like, and this chart doesn't imply much because of puppies and unicorns.

            You are not the same SilverOZ that I remember. I could point out the multiple sources that report the Boomers lack of savings, inability to fund their health care, etc. Not to mention kids staying at home in higher numbers because they can't find work because Boomers are working there.
             But you obviously have made up your mind.

           More power to you. But don't be shocked when the rest of the world doesn't see things your way.

          None are so hopelessly enslaved, as those who falsely believe they are free. The truth has been kept from the depth of their minds by masters who rule them with lies. -Johann von Goethe

          by gjohnsit on Sat Aug 03, 2013 at 09:54:39 AM PDT

          [ Parent ]

          •  My point was your chart (0+ / 0-)

            didn't prove the point you were trying to make with it.  While I agree that it is likely that boomers are working longer due to economic factors, your chart didn't prove that.  And my argument about people living longer, healthier lives is having an impact too (especially at the white collar end).  

            What you were saying was that the boomer retirements were not a big factor in the increase in those "not in the labor force" because their part rate is rising and that is simply false.  They can both have a rising part rate AND be a big component of the increase in "not in the labor force" due to retirements.  That is what happens when you have a giant age cohort.

            The only place my mind is made up is that the part rate isn't going to rise significantly over the next decade or so.

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