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Silver Wheaton Corp. Message Board

  • reticiiz reticiiz Jan 13, 2013 5:01 PM Flag

    Unemployment rate and retirees

    Does anyone have any stats that show how many baby boomers are to retire over the next decade or so on a yearly basis?
    Since baby boomers have began to retire on a larger scale now, they retire and are taken out of the labor force and no longer counted as unemployed which is makes sense, but their positions are often replaced which makes me wonder how does that affect the current monthly non farm numbers if we're seeing 150,000 new hires, how many of those are not new job created but basically position replacements due to elderly retiring?

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    • betty crocker would blush at the way the government cooks the books

    • sammystealth@ymail.com sammystealth Jan 13, 2013 8:53 PM Flag

      I am one of those baby boomer's and applied for early retirement at 62 on social security. I have worked since the age of 16, but in my personal situation, life is too short. I want to enjoy my remaining years. SLW is a hedge agains't the coming inflation in my ira account.

      Sentiment: Hold

      • 1 Reply to sammystealth
      • sammystealth@ymail.com sammystealth Jan 13, 2013 9:24 PM Flag

        This can be said of few corporation's,( as drop out college person, but my major was accounting... )SLW, along with TPL, fit's my bill as relatively "safe". As long as the Federal Reserve is stimulating our economy 85 billion dollar's a month. Cash is not king when the most yield that one can get is near 0% on short term securities. TPL has zero debt and buy's back it's own share's every year. SLW has near zero debt, and it's cost basis is 4 dollar silver.

        Sentiment: Hold

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

      • 1 Reply to dbtunr
      • 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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