BLS points to the aging of the baby boom generation as a key factor affecting the labor force participation rate:
"In 2000, baby boomers were aged 36 to 54 years and were in the group with the highest participation rates: the prime-aged group 25 to 54 years old. The participation rate for women in this group was 76.7 percent and for men was 91.6 percent, so that the overall participation rate of the group was 84.0 percent. The participation rate of the next-older age group, that 55 years and older, was 32.4 percent, so the difference between the two age groups was 52 percentage points.”
But, with the passage of every year after 2000, a segment of the baby-boomer population passes into the 55-years-and-older age group, thus moving from a group with a high participation rate in the labor force to an age category with a much lower participation rate, causing the overall participation rate to decrease
So why do people say that it is part of his legacy that he just happens to be President when Baby Boomers reach their 60s and start leaving the work force?
Perhaps you didn't realize that republicans only care about others lives when they are in the mothers womb. After that, it isn't a concern of theirs. That's why it doesn't matter to them that people are living longer.....and it couldn't possibly have anything to do with Obama or obamacare.....he is only here for them to blame....not to give credit. It's how they live and who they are as people.So why do people say that it is part of his legacy that he just happens to be President when Baby Boomers reach their 60s and start leaving the work force?
You nit pick one factor and act like it’s the main one.
And by the way nice duck on your Obama keeping people alive comment.
Did you know unemployment rose slightly?
Unemployment, as defined by Bureau of Labor, has not risen: http://data.bls.gov/timeseries/LNS14000000