|The revised (nominal) GDP.|
Wednesday, August 14, 2013
Monday, August 12, 2013
Federal government consumption is down while state and local remains flat.
|State and local consumption (red) and federal government consumption (blue).|
A roughly $70 billion drop from 3Q 2012 to 2Q 2013.
The number of workers 55 and over now out numbers the 25-34 year old crowd and it outnumbers the 35-44 year old crowd. Of course, if you combine those two age groups, there are far more workers than the 55 and over.
|Labor force participation rate (green; right). Employment levels (left) - 55 and over (black), 45-54 (blue), 35-44 (purple), and 25-34 (gray).|
Just before the participation rate peaked, the number of 55 and over workers began to accelerate.