In reading the recent post http://www.eden.rutgers.edu/~gaoch/econ514.html, I do agree with the comments around the impacts of outsourcing of certain industries but I would argue that the demographics of the workforce has a bigger impact on the lack of the improvement in the nonfarm payroll employment data.
With the baby boomer generation entering the early retirement age, I feel there is a large impact of individuals rolling right into retirement after a layoff rather than re-entering the workforce.
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