The dirty little secret is that one of the government’s mouthpieces, Yahoo Finance Breakout, is aware how bad unemployment is and is looking for a scapegoat. They are blaming it on retiring baby boomers. We are the reason the participation rate is so low.
Government mouthpieces are actually terrified because even counting part time jobs as real jobs the labor participation rate keeps dropping.
Many older Americans are working longer because they have to [ need the money ] and because they have the work skills that many younger people have not yet learned [ showing up to work ready, willing, and able ].
53 percent of recently college graduates are unemployed or underemployed.
I guess they consider laid off boomers as retired. It's hard to get a good job when you're "retired" and past 50 yrs old.