Off-Topic: congratulations!
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Name:
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architect
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Subject:
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congratulations!
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Date:
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11/19/2015 8:04:26 AM (updated 11/19/2015 8:09:56 AM)
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I can't believe you just said that drop in the unemployment rate is "good news". Better mind your tongue though or you may be voted off the island. After all, MM always points out it's a "lie"...or at least it has been for the last 7 years.
Now, wish I could find the article by a relatively conservative economist I read a couple of months ago where he pointed out that at least 2/3ds of the drop in the number participating in the job market was due to the huge number of baby-boomers who are reaching retirement age each and every day and doing just that...retiring. He also pointed out that a large part of the remaining drop out figure could be attributed to the fact that more folks in their late teens are going to college or trade school after high school graduation rather than entering the jobs market. Facts related to an issue do make a difference in how people who are willing to accept the facts interpret other facts related to the same issue...call it ''context''.
Now, you may flag.
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