- January 30th, 2020, 9:11 am
#595088
ATrain wrote: ↑January 30th, 2020, 7:28 amConsidering that Boomers are retiring at an incredible rate and there are estimated 7 million more people in the US since the election, I'd say that's a pretty resounding accolade for the economy. At the estimated 10,000 Boomer retirees a day, three years is roughly 1000 days. So 10,000,000 retirees during that time. It's unprecedented. The low unemployment, high retirement rate, and slightly increasing labor participation rate combination speaks for itself.TH Spangler wrote: ↑January 29th, 2020, 9:26 amAlthough the unemployment rate is low, the labor force participation rate has only grown by .4% since Trump took office. Unemployment rate is dropping because people are dropping out of the labor force:
https://www.realclearpolitics.com/artic ... 42047.html
Trump is creating jobs. employment news proves, more than any other metric the efficacy of President Trump’s growth doctrine of economic nationalism and the diffusion of power. Defying globalist skeptics from Wall Street, academia, and the corporate media, payrolls surged in America in 2019.
https://data.bls.gov/timeseries/LNS11300000