Boomers leaving work reshape U.S. labor measures

02/5/2012 | Wall Street Journal, The

As has been true with much of American culture, boomers are having another profound effect: Their retirement or withdrawal from the workforce is reshaping U.S. measures of unemployment and labor force participation, according to research from the Federal Reserve Bank of Chicago. The size of the generation and the expectation that many boomers, for whatever reason, will never return to work mean that participation rates are unlikely to ever regain their postwar heights, the researchers argue.

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Wall Street Journal, The