the rich are good wrote:
Yes, 67 000 private hiring is a very bad news.
Using simple math I calculate that at least 250 000 workers retired that month and only 67 000 were replaced. 185 000 jobs vanished from the face of America that very month. In reality, probably far more jobs are gone for that month.
assumptions : there are 150 million workers and everyone puts in 50 years on the job
so...1/50 of work force retires every year = 2% of work force = 150 000 000 x 2/100 = 3 million/year = 250k retirees per month
jesus you people are stupid.
here's a hint, in your little formula, does the overall number of workers become zero after 50 years?