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Silver Wheaton Corp. Message Board

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  • dbtunr dbtunr Jan 14, 2013 5:51 PM Flag

    Unemployment rate and retirees

    10k/day will retire. That is why the number of working people is declining in the employment reports.

    • From U.S. gov't. web site: "U.S. adult population grows by about 2 million / yr. which means 1.3 million jobs/year need to be created." I suppose their claim about jobs needed takes into account retirees and disabled adults, etc...I hope this helps answer your original question.

      Later in same report, "In 2011 & 2012 we've averaged 155k jobs / month - nearly half of what is required to keep up with population growth in a healthy economy."

      "5.4 million people on benefits, 2.1 million of which are on extended Fed. Emergency Aid."

      "In the past 2 years we've been averaging 360k-390k new unemployment apps./week..."
      By my math that means 375k x 4.3 wks. in a month = 1.613 million applications/month.

      "Since the end of the recession in mid '09, the work force has declined by 8 million."

 
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