Labor force participation drops to 62.8%, lowest since Carter administration

But in a good way.

I just add that after every piece of economic news. It makes me feel better.

Is there any consideration given to the fact that a lot of people in their 60's and 70's who had planned to retire over the past 8 years but held off b/c of the down economy have now decided that their assets are "adequate" for retirement, so that's why we're seeing a partial acceleration of the decline? The market is at an all time high and real estate is now firing well in most areas of the country, so the net worth of these retiring Boomers is probably healthier than it's ever been, helping expedite their exit.

I'm not arguing your overall point, I'm just wondering if my theory softens the blow a tad...

Tiger n Miami said the other day that everything was going great though......

This has been predicted for about 20 years now. I remember back in high school this was known.

Automation and shifting towards an older demographic.

Sorta a duh, no shite stat imo.