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http://crosscut.com/2012/04/06/econ-finance/22178/How-boomers-will-change-retirement-jobless-rates/
So while I might be counted in at least one of the labor surveys, a larger percentage of people turning 65 are retiring. A recent article by the Chicago Federal Reserve Bank estimated that at least half of the decline in the labor force participation rate (LFPR) in the recent recession was due to retirement.
It's Both ..and it will get worse....work harder Boards, we need the money.
Retirees will improve the employment numbers in many job fields but also increase the labor participation numbers in the negative direction.
We are not called BOOMERS for nothing !
So while I might be counted in at least one of the labor surveys, a larger percentage of people turning 65 are retiring. A recent article by the Chicago Federal Reserve Bank estimated that at least half of the decline in the labor force participation rate (LFPR) in the recent recession was due to retirement.
It's Both ..and it will get worse....work harder Boards, we need the money.
Retirees will improve the employment numbers in many job fields but also increase the labor participation numbers in the negative direction.
We are not called BOOMERS for nothing !