4 ms·

300k baby boombers retire each month, if the number of jobs added is 250k (which is around where its been), its a net 50k loss. In addition, the gdp/stock price

300k baby boombers retire each month, if the number of jobs added is 250k (which is around where its been), its a net 50k loss. In addition, the gdp/stock price doesn't reflect the average life for the random guy on the streets.

mikeyouse 3y ago
There are around 25 million more people working now than were working in 2010.. https://fred.stlouisfed.org/graph/fredgraph.png?g=1aXE4 https://fred.stlouisfed.org/graph/fredgraph.png?g=1aXE4 The low unemployment rate is actually just because there are a ton of people working and not some other convoluted rationale.
- laidoffamazon 3y ago
  Prime age labor force participation is the highest since ~2000 today too.
- toomuchtodo 3y ago
  Labor force participation rate is a superior metric. https://fred.stlouisfed.org/series/CIVPART https://fred.stlouisfed.org/series/CIVPART https://www.kansascityfed.org/research/economic-bulletin/lower-labor-force-participation-rates-and-slower-population-growth-pose-challenges-for-employers/ https://www.kansascityfed.org/research/economic-bulletin/low... https://www.frbsf.org/economic-research/publications/economic-letter/2023/august/how-far-is-labor-force-participation-from-its-trend/ https://www.frbsf.org/economic-research/publications/economi...
  - mikeyouse 3y ago
    I don't disagree in general - but I was responding to the specific claim that more people were retiring than were finding new jobs, so the low unemployment rate was 'artificial' in some way.