Quote:
Originally Posted by scottw
the labor force participation rate is improving...this is important because it signifies fewer Americans needing help for government to get by each month because the are actively participating in the workforce...if this shows significant improvement over the next 6-9 months that would be the important distinction between Obama and Trump
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Critics of Obama think it shows that his supposedly liberal policies are damaging the economy and prompting Americans to drop out of the job market en masse.
They think it shows the Democratic neo-welfare state this president constructed is rewarding laziness by doling out government handouts. They think it somehow shows that the sharp decline in the US unemployment rate is a fraud.
Now, even if the US economy continues improving—as most expect—it doesn’t mean that labor-force participation will rebound. Rather, it’s likely to keep declining for at least the next 10 years, as the baby-boomers continue to age out of the workforce. (CBO estimates that labor force participation will be at 60.8% in 2024.)
Without another giant baby boom, it will most likely never to return to the peaks seen during the late 1990s, no matter what political party is in charge.
In other words, you should stop talking about labor-force participation. After all, Obama’s conservative critics will do just that if one of their own takes over the White House in 2016.
https://qz.com/286213/the-chart-obam...uth-behind-it/
Dec 2016 Jan 62.7 feb 2017 62.9 March 63.0.... and Trump has passed nothing