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re: Labor force participation drops to 62.8%, lowest since Carter administration
Posted on 9/5/14 at 4:08 pm to SirWinston
Posted on 9/5/14 at 4:08 pm to SirWinston
Except people who are at traditional retirement ages are actually increasing their labor participation rates because of 2008 and probably their uncertainty moving forward.
1
Posted on 9/5/14 at 4:52 pm to the808bass
quote:
Except people who are at traditional retirement ages are actually increasing their labor participation rates because of 2008 and probably their uncertainty moving forward.
Are we sure that this data isn't lagging behind reality? It's totally anecdotal but I know of 4 well-compensated executives or middle managers who have retired in the past 3 months. All in their mid to late 60's. They fit the mold of what I was talking about. Again, anecdotal so obviously a grain of salt here.
This post was edited on 9/5/14 at 4:53 pm
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