Analysis: U.S. labor force is shrinking as baby boomers retire

04/28/2013 | Wall Street Journal, The

Labor Department data indicate that workforce participation is decreasing, leading some economists to worry that workers are giving up on finding jobs. Those concerns might be exaggerated, however, as the real reason that fewer people are participating in the workforce is that many baby boomers are retiring and many young people going to school instead of working, Ben Casselman writes.

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