Why 12.6 Million People Left The Workforce Since 2007 In One Chart

Your must-read of the day is Matthew Boesler’s examination of the impact of retiring Baby Boomers on the Labour Force Participation Rate.

Short-story: While it’s true that the Labour Force Participation Rate of the Baby Boomer cohort has ticked up a bit, the overall shift from prime-age workers to Baby Boomers has been a big driver of lower workforce participation.

This one chart shows why 12.6 million people have left the workforce since 2007.

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