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I just found this on the BLS website:
Civilian labor force participation rates by age, sex, race, and ethnicity
Unless I am reading this wrong, it says that the Labor Force Participation Rate for those over 65 went from 13.2% to 18.5% between 2002 and 2012.
What do you say now?
I also just found this chart on the BLS.
And this chart DOES lend credence to the assertion that roughly half of the decrease in the LFPR is due to retiring seniors.
I was definitely mistaken saying it was not.
Civilian noninstitutional population by age, sex, race, and ethnicity
Man...look at all the old people...their numbers are growing like mad.
We need Carousel for over 75's...