US economy gathering steam. Part II

[RawAlex]

Colin, two numbers you have to be careful on in those DOL numbers... first, they don't directly break out the number of people working full time versus part time, and they don't tell you if those jobs are good (higher dollar) or bad (lower dollar burger flipping type) jobs. Also, 5 million jobs sounds good... until you see that the population has gone up 20 million in the same time. (http://www.census.gov/cgi-bin/popclock)

Also, does the "adults working" number reflect retired and not working? Or does it slice off under 16 and over 65? The baby boom is crashing into retirement, which is going to make a major adjustment in those numbers. Based on the population increases and the fact that jobs only went up by 25% of the population increase, either we are having a MAJOR baby boom or retirees are being removed from the count.

Any ideas?

Alex