Boomer Retirements Push Down Jobless Rate - Spokane, North Idaho News & Weather KHQ.com

Boomer Retirements Push Down Jobless Rate

USATODAY.COM - Last month's drop in unemployment to 8.1% from 8.2% resulted from a shrinking labor force, suggesting that many discouraged workers gave up job searches. But analyses by two economists show growing Baby Boomer retirements were behind most of the decline in the labor force — those employed and looking for work.

That's key because some fear the unemployment rate will rise again when better job prospects draw discouraged workers back to the market. A Boomer exodus could more than offset the re-entry of discouraged workers. click here to read more