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The definition of "prime-age labour force" is under 55, which also excludes the author of this piece (and is about a decade under the age at which most people c
by makomk 10y ago
The definition of "prime-age labour force" is under 55, which also excludes the author of this piece (and is about a decade under the age at which most people can claim retirement benefits). It also excludes under-25s who have a much lower labour force participation and higher unemployment rate.
- mikeyouse 10y agoGreat, so use the full labor participation number, then spend some time disentangling the impacts of rising college attendance and the waves of retirements of Baby Boomers. I don't care which metric is your preferred one, the point is, they are all in the very same report. Nobody's hiding anything.