Job seekers giving up: Labor force participation falls to lowest in 50 years
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Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#2Headline cropped. It's the lowest participation rate "outside the Covid era".
Original headline: "Job seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of the Covid era"
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#3And I'm not going back, either. Reckon I can slowly liquidate assets for as long as I have left to live. To hell with all this shit, my farm is enough.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#4Sounds more like people retire somewhat early - for 25-54yo labor force participation near all time high: https://fred.stlouisfed.org/series/LNS11300060
And here is one for 55+yo: https://fred.stlouisfed.org/series/LNS11324230
All is fine
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#5Sounds more like people retire somewhat early - for 25-54yo labor force participation near all time high: https://fred.stlouisfed.org/series/LNS11300060 And here is one for 55+yo: https://fred.stlouisfed.org/series/LNS11324230 All is fine
> However, in June the biggest plunge came from what is defined as “prime age” workers, or those between the ages of 25 and 54. That rate fell 0.6 percentage point to 83.3%, its lowest since December 2023.
It's great how two sources can tell a completely different story about the same numbers.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#6And I'm not going back, either. Reckon I can slowly liquidate assets for as long as I have left to live. To hell with all this shit, my farm is enough.
I’m doing the same, and currently in the process of buying said farm.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#7The money printing during COVID screwed everything up. Most of the capital was directly given to banks and businesses, fraudulently in many cases and unnecessarily in most, and everything pooled up into real estate and stocks so anyone who had already owned a large proportion of those became absurdly wealthy in the span of a couple years and everyone else effectively lost 20-30% of their income through inflation. The majority of all money was printed during COVID, no one voted for this to happen, no one bothered to even communicate how it was decided how much money would be printed and who would get it, and no retrospective has ever been done. It’s never been more clear that a small group of the wealthiest investors in the US run the show and the majority of people are wage slaves who had the ladder kicked out above them. Now we’re seeing an administration and elite class that is openly ransacking the country for whatever profits it can extract from a dying empire. I have no idea how this ever gets fixed.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#8The money printing during COVID screwed everything up. Most of the capital was directly given to banks and businesses, fraudulently in many cases and unnecessarily in most, and everything pooled up into real estate and stocks so anyone who had already owned a large proportion of those became absurdly wealthy in the span of a couple years and everyone else effectively lost 20-30% of their income through inflation. The…
a big war, probably
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#9The money printing during COVID screwed everything up. Most of the capital was directly given to banks and businesses, fraudulently in many cases and unnecessarily in most, and everything pooled up into real estate and stocks so anyone who had already owned a large proportion of those became absurdly wealthy in the span of a couple years and everyone else effectively lost 20-30% of their income through inflation. The…
> The capital was either directly given to businesses, fraudulently and unnecessarily in many cases
Especially concerning when a bunch of politicians were in on it, ensuring that the money went out willy-nilly and that $700+ billion in "loans" were turned into a straight up gift from the taxpayers.
https://www.citizensforethics.org/reports-investigations/cre...
https://fortune.com/2020/07/08/ppp-loan-recipients-members-o...
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#10And I'm not going back, either. Reckon I can slowly liquidate assets for as long as I have left to live. To hell with all this shit, my farm is enough.
Man rebels against capitalist system by living off of proceeds of ownership shares of capitalist system