Skip to comments.Report: Labor force drop had pre-recession roots
Posted on 07/17/2014 3:59:42 PM PDT by NormsRevenge
WASHINGTON (AP) Declaring the Great Recession only partly to blame, White House economists say the increasing number of Americans dropping out of the labor force dampens economic growth and demands policy changes that create more job opportunities and add workers.
In a new report released Thursday, President Barack Obama's Council of Economic Advisers point to an aging population as the biggest single factor contributing to the lowest participation rate in 36 years. The report also says the elevated unemployment rate, which climbed to 10 percent in 2009, drove workers to put off looking for a job.
But they say other factors might be at play, including long-term declining rates for 24- to 54-year-old men and a more recent decline in the participation in the labor force by women.
(Excerpt) Read more at finance.yahoo.com ...
LOL! Yes, Bush’s fault!
Except that they're not retiring.
Government-linked globetrotters of all socialist political stripes have been pushing the U.S.A. into a hole for about 40 years.
This started long before Bush II was ever elected; the only difference is that white-collar jobs are disappearing now, and Obama’s policies make it foolhardy to risk one’s money in a new business (or even hire more people in an existing one).
Has NAFTA Shaft’ya?
GATT got ya down?
Here, take two H-1B FRee passes
And hire the world
And turn your back on your own.
They represent us, or so they say.
They were there long before Bush arrived
And will be long after Obama is gone.