It's only a single month of stats, but the matter of the unemployment rate dropping due to massive work force reduction points to other systemic issues.
March Jobs Report
We are approaching the long anticipated Boomer retirement "bubble" and almost 500,000 just quit trying to find work in one month.
Boomer Retirement Bubble
Retirees are depending on solvent Social Security and Medicare programs. Those are paid by current workers, just as the retiring boomers paid for their parents' services.
Retiring Boomers Retirement Readiness
There are virtually no defined-benefit plans left in the private sector. We cannot all work for the government.
Disappearing Defined Benefits
So the "drop" in the unemployment rate was just a number placed on top of mounting evidence that the boomer retirement bubble will spur crisis.
