As I have mentioned numerous times in this thread, the labor force participation rate is impacted by baby boomers retiring. And since they are the largest age cohort then the participation rate would naturally decline. Now, the question is how much of the participation rate decline is driven by factors other than that. I haven’t seen anyone do that analysis.
Except that...
“3.95 million gains in the 55-69 age group” since Jan 09.
So who’s retiring?
Also, The story has been that people are putting off retirement...