Quote:
Originally Posted by onwebcam
So 2008-16 everyone retired? There must have been a lot of fucking going on after the war. While I somewhat agree with baby boomers you honestly can't say that was the cause for that decline or increase depending on how you look at it.
" In addition, students, retirees, the disabled, homemakers, and the voluntarily idle are not counted in the labor force."
http://www.econport.org/content/hand...nt/Define.html
Retirees wouldn't be counted. I would imagine the same for Social Security. Basically anyone of retirement age most likely. |
I disagree with you.
Your link says the following:
While studying employment, another important figure to determine is the labor force participation rate. Here, we compare the size of the labor force with the number of people that could potentially be a part of the labor force. It is important to note that we do not include people under the age of 16 in this figure. In addition, students, retirees, the disabled, homemakers, and the voluntarily idle are not counted in the labor force.
This means students, retirees, the disabled, homemakers, and the voluntarily idle are not counted in the labor force - but are included in the general population.
Your link then says:
The labor force as the percentage of the total population over the minimum working age is called labor force participation rate.
It does not say "total population over the age of 16 minus students, retirees, etc.