Quote:
Originally Posted by Vendzilla
So you were saying he was correct then, got it!
Thing is that the number of 94 million is bigger than it has ever been, it has grown to that huge number, it relates to the workforce participation rate which is at it's lowest since Carter was in office.
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Oh my god.
YES, it is getting larger. Yes, it will continue grow. This has NOTHING to do with unemployment, or the number of people employed.
My mother is not part of the labor force, but it is not unemployed. She is retired. She is not working because she is retired.
In the United States, we have 87 million people are who are retired, disabled, students, or stay at home parents. These people are not unemployed.
This number will continue to grow. It's simple math. More people are retiring than are moving into the labor force.