Doug Henwood Talks

joanna wrote:

Doug Henwood wrote:

For most age groups, employment/population ratios and labor force participation rates are below their boom peaks; the only exception is older workers. For example, the EPR (total employed/population) was 56% in 1996, 58% in 2000, and 61% now.

Some older workers may be retiring early, but that’s not the broad trend.

Then I totally don’t get it. Are 80% retired or are 61% working? Both can’t be true.

Sorry, 61% of the 55-64 age group are working; after 65%, it’s 15%.

Doug

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