[lbo-talk] Older Americans leaving labor force sooner

Doug Henwood dhenwood at panix.com
Thu Mar 9 19:53:03 PST 2006


joanna wrote:


>Doug Henwood wrote:
>
>>>For most age groups, employment/population ratios and labor force
>>>participation rates are below their boom peaks; the only exception
>>>is older workers. For example, the EPR (total employed/population)
>>>was 56% in 1996, 58% in 2000, and 61% now.
>>
>>
>>Some older workers may be retiring early, but that's not the broad trend.
>
>Then I totally don't get it. Are 80% retired or are 61% working?
>Both can't be true.

Sorry, 61% of the 55-64 age group are working; after 65%, it's 15%.

Doug



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