What percentage of that do you think are retirees? It would make sense that the baby-boomers retiring would contribute to much of the drop in the rate of employment.
The first (born 1946) baby boomers are just this year turning 64--if boomer retirements are involved in the recent drop, they're taking early retirement.
It's about 5% off the high. Certainly not the end of the world, but if it translates to a 5% drop in productive output (or worse as 5% more are being paid to do nothing through welfare and unemployment) then it's definitely significant.
What percentage of that do you think are retirees? It would make sense that the baby-boomers retiring would contribute to much of the drop in the rate of employment.
ReplyDeleteThe first (born 1946) baby boomers are just this year turning 64--if boomer retirements are involved in the recent drop, they're taking early retirement.
ReplyDeleteSo, it's about 5% off the average? is that actually surprising? Is that strong evidence for the presence of the discouraged worker?
ReplyDeleteIt's about 5% off the high. Certainly not the end of the world, but if it translates to a 5% drop in productive output (or worse as 5% more are being paid to do nothing through welfare and unemployment) then it's definitely significant.
ReplyDelete