[joesbucks]

Remember when the unemployment rate numbers were touted as meaningless stats, but the true number was the labor force utilization rate? That rate for the overall population ticked down .1% again to 62.7%. .2% lower than when the President took office in Jan., 2017. https://data.bls.gov/timeseries/LNS11300000

[Red Badger]

Baby Boomers are retiring and dying off at an increasing rate................

https://www.washingtonpost.com/news/fact-checker/wp/2014/07/24/do-10000-baby-boomers-retire-every-day/?noredirect=on&utm_term=.e84d1b8026bf

https://www.cnbc.com/2017/10/03/health-care-dilemma-10000-boomers-retiring-each-day.html

[Maine Mariner]

one needs to be careful with that number too. Labor force participation rates = Labor Force/Adult Population.
That number will decrease in part as the labor force gets smaller as baby boomers retire.

Labor Force = employed + unemployed

Adult Population= Adults over 16 not in prison, jails, mental hospitals etc.

[kosciusko51]

I notice that the labor force utilization rate has remained more or less flat since 2016 after 8 years of steady decline.