A Bureauof Labor Statistics report showed the percentage of the U.S.population not in the labor force jumped to 35% in 2014, up from31.3% in 2004. The figure included a 100% increase in 16- to24-year-olds who cited retirement as the reason for dropping out ofthe labor force.
The December 2015 report contained data from the CurrentPopulation Survey and its Annual Social and EconomicSupplement, and looked back at the prior year's data. It considereda person out of the workforce if he or she did not have a job andwas not looking for work.
The number of 16- to 24-year-olds who claimed an earlyretirement climbed to 166,000 participants in 2014 out of a totalof 38.5 million overall retirees.
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