Quote:
Originally Posted by donquixote99
Note that your participation rate figure starts at age 16, but has no cap on age. ALL persons 65 and over are included. That number is increasing fast, and has to be a drag on the participation rate.
From 2012 to 2013, the number of people age 65 and older in this country went from 43.1 million to 44.7 million. http://factfinder2.census.gov/faces/...xhtml?src=bkmk
The change was + 1.6 million. Divide that by 12 and you have a rate of 133,000 per month. Not all are retired, of course, but I think I just found the vast majority of the 111,000 increase your article identifies over a two-month period. |
Are you asserting that individuals age 65 and over are not seeking employment? In fact, the trend is that more and more older Americans are working longer as life expectancy increases.
http://www.apnorc.org/projects/Pages...etirement.aspx
http://www.carseyinstitute.unh.edu/p...er_Workers.pdf