A Bureau of Labor Statistics report showed the percentage of the U.S. population not in the labor force jumped to 35% in 2014, up from 31.3% in 2004. The figure included a 100% increase in 16- to 24-year-olds who cited retirement as the reason for dropping out of the labor force.
The December 2015 report contained data from the Current Population Survey and its Annual Social and Economic Supplement, and looked back at the prior year's data. It considered a person out of the workforce if he or she did not have a job and was not looking for work.
The number of 16- to 24-year-olds who claimed an early retirement climbed to 166,000 participants in 2014 out of a total of 38.5 million overall retirees.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
