Thanks, but let's do some math, ok?
in 2001, the US Population was estimated to be about 285 million of which at least 70% of the population was 16 or older which comes to about 200 million.
In 2012, the US Population is estimated to be about 313 million of which at least 70% of the population was 16 or older which comes to about 219 million.
In 2001, the LFPR was 67.2% which means about 134.4 million Americans were in the workplace.
In 2012, the LFPR was 63.9% which means about 139.9 million Americans were in the workplace.
This means that out of an additional 19 million additional people in the Labor Force, only 5.5 million of them are participating, which is 28.9%.
That is a horrific trend: 71% of all new available workers over the last 11 years are not working. Maybe in your world, those "few points" don't reflect much change, but for those of us with degrees in economics and a command of statistics it represents a catastrophe.
Quote:
Originally Posted by Brujah
Thanks for that, but the graph doesn't reflect much change in the labor force since 1980 except by a few points. Here's the graph since 1948 til now.
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