Equedia Letter

Do Baby Boomers Impact the Labor Force Participation Rate?5 min read

Comments (13)
  1. Mike says:

    Anyone calculating the people on welfare or disability. Both nos. have skyrocketed under Obama!

    1. Jim Lauder says:

      How about the food stamp participation rate.

  2. All the markets and figures are manipulated to suit the powers that be.There are no free markets anymore.

  3. ahmed says:

    Why is that U.S Dept of Statistics does not know what you say on Unemployment statistics? This is pretty serious stuff.

    1. Jim Lauder says:

      Their job is to lie on behalf of the Fed. Not to tell the truth!

  4. Andy Asima says:

    I will not ride this market to new highs anymore. We’re in
    for a gradual correction and it should begin before this summer.

  5. Jim Lauder says:

    Correct me if I’m wrong but didn’t a lot of people considering retirement in 2008 get their investments whacked bigtime? And to add insult to injury, their savings are making paltry returns because of ultra-low interest rates. What I do know for a fact is that many in their 60’s have decided to continue working. We’ve even seen news articles saying some believe the old should be quitting their jobs to make room for the young. The impact of boomers on the participation rate in negligible in my humble opinion. More likely, there are simply not enough jobs to find and people have given up looking.

  6. Lee says:

    Agree with you 100%. Private investor is always late to the party. Thanks for the education. and I hope that readers take note on your advice. The pattern is clear..I have personally followed some indicators that have worked quiet well on major turns and have not seen them yet. However a correction between now and end of October would be nice.Warren Buffet makes money buying low yet the majority of folks continue to buy high. It is also due to the fact that the education passed on to folks is to hold on (PS: I don,t want to take a dip on my income level.please) (read between the lines))..One should always protect your Investment asset as much one can and educate ourselves in so doing.. In over twenty years of observing markets this I have concluded. There is more money to be made when markets correct.Only if one has a plan to buy in..
    24% CANADIAN POPULATION TO RETIRE by 2024. Government better start taking this figure seriously and invest the pension fund wisely. Interesting enough in 2001 when government decided based on professional advise to Invest our CPP funds there were so clear so many sings indicating a major Bear just ahead.. Now you know how I feel about politicians and goverment.
    I don,t see the unemployment figure of 6.3% in US making sense.Economics have not changed that much to affect such a decrease..Its mostly likely——accounting decoration

  7. lynxsg says:

    From the Equedia Letter …

    This census data showing Median age (bottom of table) may be misleading. Median is calculated by arranging data numbers in value order and then locating the middle piece of data.

    example: There are thirteen numbers. Our middle number will be the sixth number:
    3, 5, 7, 12, 13, 14, 21, 29, 39, 40, 56, 60, 90

    The median value of this set of numbers is 21.
    The Mean or average would be:


    Add the numbers: 3, 5, 7, 12, 13, 14, 21, 29, 39, 40, 56, 60, 90
    Divide by how many numbers (there are 13 numbers):
    The Mean is 389/13 = 29.9

    I think the census data might show an interesting difference if the mean (average) age had been calculated and reported.

  8. brian moore says:

    I’ve been saying this for the last 5 years…that baby boomers retiring,(including myself)especially in Canada, is the magic bullet that’s bringing the unemployment levels down.
    Can you imagine if there was no pensions, or retirement savings plans for the baby boomers, and families were still producing 5 to 7 kids per family.
    We’d be back in the depressing thirties.
    Obamas getting a free ride on the economy, thanks to the baby boomers.
    The unemployment levels will continue to fall for the next 10 years, as the younger workers replace the older retiring workers.

  9. Bobi says:

    If you stop working and rely for income on rents, I doubt you are counted as being in the labour force even though you are producing a good. Can anyone confirm? If so, then it’s the boomers not the young.

    Also, I would suspect a LOT of people are earning something off the internet without having a ‘job’. I saw one page today for a footloose Canuk who seems to make $$ by advising folks how to quit. Not a lot but enough for his travels, or so he claims.

    Also, in light of realities here, I think quite a number of young grads are heading over to Asia to teach English. I know one such person who has even managed to find a real job, almost in his field in China. Now I tell every young person I meet to follow this trail.

    As you get older, you need less as long as you are healthy. All they have to do to fix the system is to cut off health care over a certain age (palliative only) and slash public sector wages/benefits/pensions. Like what’s the use of putting a new kidney in a 75 year old (and making the kids pay)? Someone else’s kid too, since our birth rate is far below replacement.

    Just some happy thoughts on a nice spring day!!! Shall we meet in Kunming, Chiang Rai or Reyjkavik? Given what they’re doing with Canada, I doubt this joint will be worth sticking around for long. Eh?

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