Talk of The Villages Florida - View Single Post - Jobs: Someone FINALLY mentions the elephant in the room
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Old 05-07-2012, 06:42 AM
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Default Jobs: Someone FINALLY mentions the elephant in the room

For the first time, something that I suspected was affecting the unemployment rate has been mentioned:

Boomer retirements color jobless rate

One of the reasons we no longer have the annual Social Security surplus that used to mask our deficit is that the baby boomers have started retiring (being born in 1946, 1945 + 9 months, means you would be turning 65 last year)

I had a feeling that the increased number of retirements would affect unemployment and now it seems someone has finally said so.