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Labor Force Participation Rate continues Rebound from depths of Obama's crappy economy
SFGbob
Member Posts: 33,183
A steep steady decline in the Labor Participation rate all through the Obama years as the Food Stamp President continued to reward people for not working.
Comments
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The way I look at that chart. It was much higher in 2013 than now. HTHSFGbob said: -
H loved the boomer retirement excuseSFGbob said:
A steep steady decline in the Labor Participation rate all through the Obama years as the Food Stamp President continued to reward people for not working.
That line looks like its finally going back up -
I guess Boomers are no longer retiring.RaceBannon said:
H loved the boomer retirement excuseSFGbob said:
A steep steady decline in the Labor Participation rate all through the Obama years as the Food Stamp President continued to reward people for not working.
That line looks like its finally going back up -
It’s because stagnant wages FORCED them to stay in the workforce. Fucking Trump.SFGbob said:
I guess Boomers are no longer retiring.RaceBannon said:
H loved the boomer retirement excuseSFGbob said:
A steep steady decline in the Labor Participation rate all through the Obama years as the Food Stamp President continued to reward people for not working.
That line looks like its finally going back up -
I hear they have to take at least two jobs to make it.MikeDamone said:
It’s because stagnant wages FORCED them to stay in the workforce. Fucking Trump.SFGbob said:
I guess Boomers are no longer retiring.RaceBannon said:
H loved the boomer retirement excuseSFGbob said:
A steep steady decline in the Labor Participation rate all through the Obama years as the Food Stamp President continued to reward people for not working.
That line looks like its finally going back up -
You disagree with the fact that wages have been pretty stagnant for the past few decades relative to cost of living?MikeDamone said:
It’s because stagnant wages FORCED them to stay in the workforce. Fucking Trump.SFGbob said:
I guess Boomers are no longer retiring.RaceBannon said:
H loved the boomer retirement excuseSFGbob said:
A steep steady decline in the Labor Participation rate all through the Obama years as the Food Stamp President continued to reward people for not working.
That line looks like its finally going back up -
No. That's why it is nice that they are finally going up. Its a Blue Collar Boom babyThomasFremont said:
You disagree with the fact that wages have been pretty stagnant for the past few decades relative to cost of living?MikeDamone said:
It’s because stagnant wages FORCED them to stay in the workforce. Fucking Trump.SFGbob said:
I guess Boomers are no longer retiring.RaceBannon said:
H loved the boomer retirement excuseSFGbob said:
A steep steady decline in the Labor Participation rate all through the Obama years as the Food Stamp President continued to reward people for not working.
That line looks like its finally going back up
I haven't retired because mama taught me never to leave money on the table -
AOC said unemployment is low because everyone is working 2 or 3 jobs. I think she’s spot on.SFGbob said:
I hear they have to take at least two jobs to make it.MikeDamone said:
It’s because stagnant wages FORCED them to stay in the workforce. Fucking Trump.SFGbob said:
I guess Boomers are no longer retiring.RaceBannon said:
H loved the boomer retirement excuseSFGbob said:
A steep steady decline in the Labor Participation rate all through the Obama years as the Food Stamp President continued to reward people for not working.
That line looks like its finally going back up -
No meaningful raises under Obama.
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I love the idea that it's good for both parents have jobs and put the kids in daycare.
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There's a lot to like about steadily low unemployment.
But the labor participation rate was and continues to be an issue. It moved from 62.8% in January 2017 to last month's 63.4%. That's some 7-6 bullshit you're creaming your pants over. -
We just need more tim
You have no idea of the damage that Obama did
Growth numbers should be up this year. We haven't completed a quarter yet. The unemployment being low should raise labor participation. All true
Maybe this fabled coming together I keep hearing about could help. So far its been EOs
That's why it matters that the democrats have gone so far left as to be useless in any economics. -
SFGbob said:
I hear they have to take at least two jobs to make it.MikeDamone said:
It’s because stagnant wages FORCED them to stay in the workforce. Fucking Trump.SFGbob said:
I guess Boomers are no longer retiring.RaceBannon said:
H loved the boomer retirement excuseSFGbob said:
A steep steady decline in the Labor Participation rate all through the Obama years as the Food Stamp President continued to reward people for not working.
That line looks like its finally going back up
Slackers.
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Toss in the million plus of legal chain migration from third world countries with no English or job skills plus the usual slew of illegal alien electrical engineers from Central America and that has no impact on the labor participation rate?Trump has a big ship finally turned the right way. Too bad the away team and the dems want to reverse course.
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I guess Bill Clinton must have been the greatest President evah!RaceBannon said:
H loved the boomer retirement excuseSFGbob said:
A steep steady decline in the Labor Participation rate all through the Obama years as the Food Stamp President continued to reward people for not working.
That line looks like its finally going back up
Meanwhile, back in the rational world:
“In 2019, the last of the baby boomers will reach age 55 and transition into age groups with much lower labor force participation rates. Due in large part to an aging population, the labor force participation rate for all workers (age 16 and over) is projected to decline to 61.0 percent in 2026.”(emphasis added)
-Bureau of Labor Statistics -
Bring back Newt.
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Daddy doesn’t like shrimps.WestlinnDuck said:Bring back Newt.
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The Clinton era was good. He focused on the economy, stupid. He worked with Congress and the good times rolledHHusky said:
I guess Bill Clinton must have been the greatest President evah!RaceBannon said:
H loved the boomer retirement excuseSFGbob said:
A steep steady decline in the Labor Participation rate all through the Obama years as the Food Stamp President continued to reward people for not working.
That line looks like its finally going back up
Meanwhile, back in the rational world:
“In 2019, the last of the baby boomers will reach age 55 and transition into age groups with much lower labor force participation rates. Due in large part to an aging population, the labor force participation rate for all workers (age 16 and over) is projected to decline to 61.0 percent in 2026.”(emphasis added)
-Bureau of Labor Statistics
I go for results. I voted for him twice -
Democrats opposed the tax cuts and want to get rid of them. Allegedly. They want to reimpose massive regulation. They want to take over large swaths of the economy and jack spending even more than the current spender in chief
So Trump. Rather easily
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You can’t be right. Income taxes went up from the very start of his presidency. Communism!RaceBannon said:
The Clinton era was good. He focused on the economy, stupid. He worked with Congress and the good times rolledHHusky said:
I guess Bill Clinton must have been the greatest President evah!RaceBannon said:
H loved the boomer retirement excuseSFGbob said:
A steep steady decline in the Labor Participation rate all through the Obama years as the Food Stamp President continued to reward people for not working.
That line looks like its finally going back up
Meanwhile, back in the rational world:
“In 2019, the last of the baby boomers will reach age 55 and transition into age groups with much lower labor force participation rates. Due in large part to an aging population, the labor force participation rate for all workers (age 16 and over) is projected to decline to 61.0 percent in 2026.”(emphasis added)
-Bureau of Labor Statistics
I go for results. I voted for him twice -
What a simlpe minded idiotHHusky said:
You can’t be right. Income taxes went up from the very start of his presidency. Communism!RaceBannon said:
The Clinton era was good. He focused on the economy, stupid. He worked with Congress and the good times rolledHHusky said:
I guess Bill Clinton must have been the greatest President evah!RaceBannon said:
H loved the boomer retirement excuseSFGbob said:
A steep steady decline in the Labor Participation rate all through the Obama years as the Food Stamp President continued to reward people for not working.
That line looks like its finally going back up
Meanwhile, back in the rational world:
“In 2019, the last of the baby boomers will reach age 55 and transition into age groups with much lower labor force participation rates. Due in large part to an aging population, the labor force participation rate for all workers (age 16 and over) is projected to decline to 61.0 percent in 2026.”(emphasis added)
-Bureau of Labor Statistics
I go for results. I voted for him twice
https://forbes.com/sites/charleskadlec/2012/07/16/the-dangerous-myth-about-the-bill-clinton-tax-increase/#4f4ec146e8ae
The 1993 Clinton tax increase raised the top two income tax rates to 36% and 39.6%, with the top rate hitting joint returns with incomes above $250,000 ($400,000 in 2012 dollars). In addition, it removed the cap on the 2.9% Medicare payroll tax, raised the corporate tax rate to 35% from 34%, increased the taxable portion of Social Security benefits, and imposed a 4.3 cent per gallon increase in transportation fuel taxes.
If these tax increases were good for the middle class, then they should have been popular. Yet, in the 1994 elections, the Democratic Party suffered historic losses. Even though Senate Majority Leader George Mitchell had declared the unpopular HillaryCare dead in September of that year, the Republican Party gained 54 seats in the House and 8 seats in the Senate to win control of both the House and the Senate for the first time since 1952.
During the first four years of his Presidency, real GDP growth average 3.2%, respectable relative to today’s economy, but disappointing coming as it did following just one year of recovery from the 1991 recession, the end of the Cold War and the reduction in consumer price inflation below 3% for the first time (with the single exception of 1986) since 1965.
For example, it was a half a percentage point slower than under Reagan during the four years following the first year of the recovery from the 1982 recession.
However, with his masterful 1995 flip-flop on taxes, President Clinton took the first step toward a successful campaign for re-election and a shift in policy that produced the economic boom that occurred during his second term.
Welfare reform, which he signed in the summer of 1996, led to a massive reduction in the effective tax rates on the poor by ameliorating the rapid phase out of benefits associated with going to work.
The phased reduction in tariff and non-tariff barriers between the U.S., Mexico and Canada under the North American Free Trade Agreement continued, leading to increased trade.
In 1997, Clinton signed a reduction in the (audible liberal gasp) capital gains tax rate to 20% from 28%.
The 1997 tax cuts also included a phased in increase in the death tax exemption to $1 million from $600,000, and established Roth IRAs and increased the limits for deductible IRAs.
Annual growth in federal spending was kept to below 3%, or $57 billion.
The Clinton Administration also maintained its policy of a strong and stable dollar. Over his entire second term, consumer price inflation averaged only 2.4% a year.
The boom was on. Between the end of 1996 and the end of 2000:
Economic growth accelerated a full percentage point to 4.2% a year.
Employment growth nudged higher, to 2.1 million jobs per year as the unemployment rate fell to 4.0% from 5.4%.
As the tax rate on capital gains came down, real wages made their biggest advance since the implementation of the Reagan tax rate reductions in the mid 1980s. Real average hourly earnings were (in 1982 dollars) $7.43 in 1996, $7.55 in 1997, $7.75 in 1998, $7.86 in 1999, and $7.89 in 2000.
Millions of Americans shared in the prosperity as the value of their 401(k)s climbed along with the stock market, which saw the price of the S&P 500 index rise 78%.
Revenue growth accelerated an astounding 59%, increasing on average $143 billion a year. Combined with continued restraint on government spending, that produced a $198 billion budget surplus in 2000. -
You know, of course, that you won’t be invited to the GOP barbecue when you say Clinton gets credit for anything. More importantly, the tax cuts you cite didn’t remotely undo the tax increases of 1993, which affected much larger swaths of the population than those targeted cuts did. The economy should have swooned according to your team. It didn’t.RaceBannon said:
What a simlpe minded idiotHHusky said:
You can’t be right. Income taxes went up from the very start of his presidency. Communism!RaceBannon said:
The Clinton era was good. He focused on the economy, stupid. He worked with Congress and the good times rolledHHusky said:
I guess Bill Clinton must have been the greatest President evah!RaceBannon said:
H loved the boomer retirement excuseSFGbob said:
A steep steady decline in the Labor Participation rate all through the Obama years as the Food Stamp President continued to reward people for not working.
That line looks like its finally going back up
Meanwhile, back in the rational world:
“In 2019, the last of the baby boomers will reach age 55 and transition into age groups with much lower labor force participation rates. Due in large part to an aging population, the labor force participation rate for all workers (age 16 and over) is projected to decline to 61.0 percent in 2026.”(emphasis added)
-Bureau of Labor Statistics
I go for results. I voted for him twice
https://forbes.com/sites/charleskadlec/2012/07/16/the-dangerous-myth-about-the-bill-clinton-tax-increase/#4f4ec146e8ae
The 1993 Clinton tax increase raised the top two income tax rates to 36% and 39.6%, with the top rate hitting joint returns with incomes above $250,000 ($400,000 in 2012 dollars). In addition, it removed the cap on the 2.9% Medicare payroll tax, raised the corporate tax rate to 35% from 34%, increased the taxable portion of Social Security benefits, and imposed a 4.3 cent per gallon increase in transportation fuel taxes.
If these tax increases were good for the middle class, then they should have been popular. Yet, in the 1994 elections, the Democratic Party suffered historic losses. Even though Senate Majority Leader George Mitchell had declared the unpopular HillaryCare dead in September of that year, the Republican Party gained 54 seats in the House and 8 seats in the Senate to win control of both the House and the Senate for the first time since 1952.
During the first four years of his Presidency, real GDP growth average 3.2%, respectable relative to today’s economy, but disappointing coming as it did following just one year of recovery from the 1991 recession, the end of the Cold War and the reduction in consumer price inflation below 3% for the first time (with the single exception of 1986) since 1965.
For example, it was a half a percentage point slower than under Reagan during the four years following the first year of the recovery from the 1982 recession.
However, with his masterful 1995 flip-flop on taxes, President Clinton took the first step toward a successful campaign for re-election and a shift in policy that produced the economic boom that occurred during his second term.
Welfare reform, which he signed in the summer of 1996, led to a massive reduction in the effective tax rates on the poor by ameliorating the rapid phase out of benefits associated with going to work.
The phased reduction in tariff and non-tariff barriers between the U.S., Mexico and Canada under the North American Free Trade Agreement continued, leading to increased trade.
In 1997, Clinton signed a reduction in the (audible liberal gasp) capital gains tax rate to 20% from 28%.
The 1997 tax cuts also included a phased in increase in the death tax exemption to $1 million from $600,000, and established Roth IRAs and increased the limits for deductible IRAs.
Annual growth in federal spending was kept to below 3%, or $57 billion.
The Clinton Administration also maintained its policy of a strong and stable dollar. Over his entire second term, consumer price inflation averaged only 2.4% a year.
The boom was on. Between the end of 1996 and the end of 2000:
Economic growth accelerated a full percentage point to 4.2% a year.
Employment growth nudged higher, to 2.1 million jobs per year as the unemployment rate fell to 4.0% from 5.4%.
As the tax rate on capital gains came down, real wages made their biggest advance since the implementation of the Reagan tax rate reductions in the mid 1980s. Real average hourly earnings were (in 1982 dollars) $7.43 in 1996, $7.55 in 1997, $7.75 in 1998, $7.86 in 1999, and $7.89 in 2000.
Millions of Americans shared in the prosperity as the value of their 401(k)s climbed along with the stock market, which saw the price of the S&P 500 index rise 78%.
Revenue growth accelerated an astounding 59%, increasing on average $143 billion a year. Combined with continued restraint on government spending, that produced a $198 billion budget surplus in 2000. -
With the last 3 years the 25-54 age group is almost back to 2007 levels. Its actually pretty impressive.
Also why HHusky wanted to group the retired folks with them. And I’m sure it’s not because he has daddy issues.
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Just so you know, there's this large demographic called "Baby Boomers" making its way through the later stages of life. I know it's Daddy Uber Alles for you hens, but the long term decline in the Labor Force Participation Rate says more about the graying of America than it does anything else.HoustonHusky said:With the last 3 years the 25-54 age group is almost back to 2007 levels. Its actually pretty impressive.
Also why HHusky wanted to group the retired folks with them. And I’m sure it’s not because he has daddy issues.
-
Imagine rooting against prosperity.HHusky said:
Just so you know, there's this large demographic called "Baby Boomers" making its way through the later stages of life. I know it's Daddy Uber Alles for you hens, but the long term decline in the Labor Force Participation Rate says more about the graying of America than it does anything else.HoustonHusky said:With the last 3 years the 25-54 age group is almost back to 2007 levels. Its actually pretty impressive.
Also why HHusky wanted to group the retired folks with them. And I’m sure it’s not because he has daddy issues. -
Someone should really help you, Mike. You're pressing.MikeDamone said:
Imagine rooting against prosperity.HHusky said:
Just so you know, there's this large demographic called "Baby Boomers" making its way through the later stages of life. I know it's Daddy Uber Alles for you hens, but the long term decline in the Labor Force Participation Rate says more about the graying of America than it does anything else.HoustonHusky said:With the last 3 years the 25-54 age group is almost back to 2007 levels. Its actually pretty impressive.
Also why HHusky wanted to group the retired folks with them. And I’m sure it’s not because he has daddy issues. -
Someone should kick you in the cunt for being a dumb shit.HHusky said:
Someone should really help you, Mike. You're pressing.MikeDamone said:
Imagine rooting against prosperity.HHusky said:
Just so you know, there's this large demographic called "Baby Boomers" making its way through the later stages of life. I know it's Daddy Uber Alles for you hens, but the long term decline in the Labor Force Participation Rate says more about the graying of America than it does anything else.HoustonHusky said:With the last 3 years the 25-54 age group is almost back to 2007 levels. Its actually pretty impressive.
Also why HHusky wanted to group the retired folks with them. And I’m sure it’s not because he has daddy issues. -
We know he has daddy issues. He was forced to suck his dads cock and is struggling with those memories. He sees trump as his poppa.HoustonHusky said:With the last 3 years the 25-54 age group is almost back to 2007 levels. Its actually pretty impressive.
Also why HHusky wanted to group the retired folks with them. And I’m sure it’s not because he has daddy issues. -
Clinton had the benefit of the tech boom. His successor dealt with the bust.RaceBannon said:
What a simlpe minded idiotHHusky said:
You can’t be right. Income taxes went up from the very start of his presidency. Communism!RaceBannon said:
The Clinton era was good. He focused on the economy, stupid. He worked with Congress and the good times rolledHHusky said:
I guess Bill Clinton must have been the greatest President evah!RaceBannon said:
H loved the boomer retirement excuseSFGbob said:
A steep steady decline in the Labor Participation rate all through the Obama years as the Food Stamp President continued to reward people for not working.
That line looks like its finally going back up
Meanwhile, back in the rational world:
“In 2019, the last of the baby boomers will reach age 55 and transition into age groups with much lower labor force participation rates. Due in large part to an aging population, the labor force participation rate for all workers (age 16 and over) is projected to decline to 61.0 percent in 2026.”(emphasis added)
-Bureau of Labor Statistics
I go for results. I voted for him twice
https://forbes.com/sites/charleskadlec/2012/07/16/the-dangerous-myth-about-the-bill-clinton-tax-increase/#4f4ec146e8ae
The 1993 Clinton tax increase raised the top two income tax rates to 36% and 39.6%, with the top rate hitting joint returns with incomes above $250,000 ($400,000 in 2012 dollars). In addition, it removed the cap on the 2.9% Medicare payroll tax, raised the corporate tax rate to 35% from 34%, increased the taxable portion of Social Security benefits, and imposed a 4.3 cent per gallon increase in transportation fuel taxes.
If these tax increases were good for the middle class, then they should have been popular. Yet, in the 1994 elections, the Democratic Party suffered historic losses. Even though Senate Majority Leader George Mitchell had declared the unpopular HillaryCare dead in September of that year, the Republican Party gained 54 seats in the House and 8 seats in the Senate to win control of both the House and the Senate for the first time since 1952.
During the first four years of his Presidency, real GDP growth average 3.2%, respectable relative to today’s economy, but disappointing coming as it did following just one year of recovery from the 1991 recession, the end of the Cold War and the reduction in consumer price inflation below 3% for the first time (with the single exception of 1986) since 1965.
For example, it was a half a percentage point slower than under Reagan during the four years following the first year of the recovery from the 1982 recession.
However, with his masterful 1995 flip-flop on taxes, President Clinton took the first step toward a successful campaign for re-election and a shift in policy that produced the economic boom that occurred during his second term.
Welfare reform, which he signed in the summer of 1996, led to a massive reduction in the effective tax rates on the poor by ameliorating the rapid phase out of benefits associated with going to work.
The phased reduction in tariff and non-tariff barriers between the U.S., Mexico and Canada under the North American Free Trade Agreement continued, leading to increased trade.
In 1997, Clinton signed a reduction in the (audible liberal gasp) capital gains tax rate to 20% from 28%.
The 1997 tax cuts also included a phased in increase in the death tax exemption to $1 million from $600,000, and established Roth IRAs and increased the limits for deductible IRAs.
Annual growth in federal spending was kept to below 3%, or $57 billion.
The Clinton Administration also maintained its policy of a strong and stable dollar. Over his entire second term, consumer price inflation averaged only 2.4% a year.
The boom was on. Between the end of 1996 and the end of 2000:
Economic growth accelerated a full percentage point to 4.2% a year.
Employment growth nudged higher, to 2.1 million jobs per year as the unemployment rate fell to 4.0% from 5.4%.
As the tax rate on capital gains came down, real wages made their biggest advance since the implementation of the Reagan tax rate reductions in the mid 1980s. Real average hourly earnings were (in 1982 dollars) $7.43 in 1996, $7.55 in 1997, $7.75 in 1998, $7.86 in 1999, and $7.89 in 2000.
Millions of Americans shared in the prosperity as the value of their 401(k)s climbed along with the stock market, which saw the price of the S&P 500 index rise 78%.
Revenue growth accelerated an astounding 59%, increasing on average $143 billion a year. Combined with continued restraint on government spending, that produced a $198 billion budget surplus in 2000. -
Clinton's spending was also constrained by Newt and a much more conservative House. Then they all became swamp people and sold out.
