Quote:
Originally Posted by ilovetv
Why would you count retirees as "unemployed and looking for work" when they're not looking for work????
Looks like more excuses while doing nothing but spend money this nation does not have.
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This is something that happened to me and everyone I know which might explain the 'no longer looking'. People age 60 who lose their jobs and collect unemployment are counted as unemployed. After the unemployment runs out, people who can't find another job at age 60+ have to live off their savings until social security kicks in at age 62, and therefore are counted as 'no longer looking' or retired.