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FSN: Disappearing US Labor Force and Goodbye to Retirement
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
Adding 146,000 jobs while 542,000 drop out of the labor force. Understanding the changes in the unemployment rate.
from My Budget 360
The recent drop in the unemployment rate was largely due to the number of people dropping out of the labor force. I’ve noticed that more people in the press are picking up on the important nuances when it comes to the employment figures. For example, in the last month those “not in the labor force” increased by well over 500,000. This is a big figure and given that 1 out of 3 Americans has no savings to their name, many are hitting retirement age but are still likely to be working. There is an idea that with 10,000 Americans hitting retirement age each and every day that they are now all spending their time sipping Margaritas and playing cards on some crystal blue beach. Yet net worth has been slammed and most Americans have seen their net worth plummet by roughly 40 percent since the crisis hit. Let us take a closer look at the employment numbers to see what is really going on.
Continue Reading at MyBudget360.com…
2012-12-09 14:03:24
Source: http://silveristhenew.com/2012/12/09/disappearing-us-labor-force-and-goodbye-to-retirement/
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