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Name:
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architect
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Subject:
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My numbers are correct
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Date:
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1/22/2013 1:27:16 PM (updated 1/22/2013 1:51:08 PM)
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and backed up by source. My point MM was that your numbers were out of context (numbers as well as words can be used out of context to imply something that is not the point of the information...see both Obama and Romney campaigns, and many of your posts).
The total number of people not participating in the labor market may very well be up 8,000,000 in the last 4 years, I know it has dropped to 63.6% from 65% of the population but it has been generally dropping for years. Guess what, the population has gone up 11,000,000 in the past 4 years and the population over 65 has gone up 3,200,000 in that time...the largest percentage increase of any census demographic group. Demographers expect the percentage of job market participants to continue to decline for at least a decade more as the Baby Boomers retire. You see MM, it is not kosher to spout a statistic to support an opinion without some context to explain why it is the way it is. I completely agree with you that many people have left the job market because of a sour economy over the last 5 years(though the trend has reversed in recent months), but it is also a fact that many have left the market not because they couldn't find work but because they wanted to. I plan to follow that trend myself in a year or so.
BTW: Please take another look at the BLS report on net job loss or gain since Obama took office. I come up with a net gain of 460,000 and if the Jan numbers match the Dec numbers the net gain will pass 600,000. Still away to go to have a net gain from when the decline started in Jan 2008 and continued every month for Bush's last year, but the trend is positive whether you recognize (admit it) or not.
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