Commentary: Unemployment Remains Unchanged at 3.8 Percent as Record 11.1 Million Seniors Still Working

Labor markets appeared buoyed by still-working Baby Boomers in September as the unemployment rate remained unchanged at 3.8 percent, with 296,000 seniors finding jobs in the Bureau of Labor Statistics’ household survey.

With more than 11.1 million seniors still working — a national record — peak employment still abounds, even as a massive 47.21 million seniors are no longer in the labor force — also a record — amid the Baby Boomer retirement wave that has seen those 65-years-old-and-older not in the labor force have increased about 19 million the past 25 years.

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Commentary: Could the Baby Boomer Retirement Wave and Labor Shortages Absorb the Recession?

The national unemployment rate dipped to 3.5 percent in July, according to the latest data from the Bureau of Labor Statistics, once again hitting more than 50-year lows.

It’s still peak employment as far as the eye can see. Even with the past two years’ high inflation dropping dramatically and disinflation usually correlating with higher unemployment and a recession, that simply has not occurred yet, despite all the warning signs typically associated with an economic slowdown or downturn.

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Commentary: Insane Deficit Spending Is Immoral

In Armageddon, Bruce Willis blows himself up on an asteroid to save his daughter and all of humanity. (Sorry for the spoiler, but the movie is 25 years old.) That theme—parents providing for, and sacrificing for, their children—is the deeply moral and moving story that Americans used to love. 

I say “used to,” because something troubling has happened. We now accept that young people should be worse off for a lifetime in order to benefit those who have already lived full, comfortable lives. We saw this during COVID-19, when an elderly leadership class locked children out of classrooms, playgrounds, friendships, and sports, and wiped out jobs, training, and mentorship for young workers.

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Commentary: Biden’s Fumble on Corporate Taxes Would Leave Retirees in the Cold

During his State of the Union address, President Joe Biden showed that when it comes to taxes, he is playing a game of yards, because companies, in his view, simply make too much money.

In his “Finish the Job” speech, Biden ran right up the middle of the field of investments set aside by workers who for decades thought they had made wise decisions on their own retirement plans.

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New Survey Finds Millennials Much More Intolerant than Boomers

A new survey of 2,000 demographically representative adults who were asked 51 worldview questions found Millennials are the least tolerant Americans and the most likely to seek revenge.

Most congressional staffers are members of the Millennial and Baby Buster generation, with the Millennials tending to be in higher-level positions such as legislative directors.

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Federal Report Says Millennials Are Poorer Than Other Generations

by Ryan McMaken   One of the challenges in looking at income and wealth data is getting a sense of how different demographic groups are affected. It’s relatively easy to find median income and wealth data over time for the entire population, for example. But then problems of interpretation immediately…

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Commentary: The Ticking Fiscal Time Bomb Set in 1937 Could Tip America Into Despotism by 2030

US Flag

by Robert Osburn   Celebrated this past July 4, America’s founding story of freedom is truly remarkable: unity, courage, integrity, and national integration (incorporating people from around the world). In most other places, the freedom story is bloody, exclusive, and, ultimately, tyrannical. Take Nicaragua, for one example: In 1979, the Sandinistas…

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