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View Diary: Government reports 146,000 new jobs in November; unemployment rate drops to 7.7% (108 comments)

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  •  Baby boomers not retiring, young dropping out (4+ / 0-)
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    BradyB, bewild, dinotrac, splintersawry

    The decline in labor participation is worse than it looks in that the decline is mainly from younger workers dropping out of the workforce, even while older workers stay in the workforce longer than in the past.

    See Washington Post - "The young are leaving the labor force, the old are flocking to it"

    Namely, the labor force participation rate among young people aged 16 to 24 has plummeted much faster than that of other age groups, even as the participation rate among the oldest Americans has risen to record levels.
    The structure of how the labor participation rate is falling is in the worst way for the economy longer term.

    Older workers stay working longer for a range of reasons including people do not have the financial means to retire, and a lower share of older worker jobs are physically demanding.

    The most important way to protect the environment is not to have more than one child.

    by nextstep on Fri Dec 07, 2012 at 07:09:11 AM PST

    [ Parent ]

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