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Economy

golfguru

(4,987 posts)

7. More seniors are working in part-time jobs now

Reply to mbperrin (Reply #6)

Mon Dec 31, 2012, 02:27 AM

Dec 2012

because they were either laid off, their house went down in value, their 401-k has taken a beating in 2009 and never fully recovered, or the high cost of healthcare and energy is making their fixed income inadequate.

The real sad thing is nearly half new college graduates can't find jobs. So how can any one say the reduction in labor force is a choice by the labor force? IMO it is the weak economy.

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Labor Force Participation At Lowest Point In 3 Decades [View all] eridani Dec 2012 OP

Labor force will continue to shrink. The Baby Boomers began retiring at 10,000 per day starting last mbperrin Dec 2012 #1

Except from the boomers who were forced to "retire" early, snot Dec 2012 #5

Actually, the labor force, in thousands, has grown (slightly) over the past 4 years and is still progree Dec 2012 #9

But that's inevitable, given the wave of people at retirement age Yo_Mama Dec 2012 #2

I suspect the new math. n/t westerebus Dec 2012 #3

I also wonder whether snot Dec 2012 #4

Yes, it would include those folks as well. mbperrin Dec 2012 #6

More seniors are working in part-time jobs now golfguru Dec 2012 #7

People with part time jobs are considered employed, and thus in the labor force. progree Dec 2012 #8

"how can any one say the reduction in labor force is a choice by the labor force?" progree Dec 2012 #10

Thanks, SCOTUS! MrMickeysMom Jan 2013 #11