[Freedom_Is_Not_Free]

Can you find statistics on employment for those over 55? If their employment participation is not dropping then they are not retiring and the losses have to be coming from lost jobs, not retirements.

[Bob]

Can you find statistics on employment for those over 55? If their employment participation is not dropping then they are not retiring and the losses have to be coming from lost jobs, not retirements.

Good idea. I'll see if the numbers are broken out that way anywhere.

[kearnyirish2]

“Can you find statistics on employment for those over 55?”

I think this group is in the worst shape; they had “before-times” salaries for their “before-times” standard of living (which included such things as families, homes, cars, etc.), and have been targeted by companies because of their salaries/benefits. I don’t believe that their skills are obsolete, simply because some are finding similar work at “adjusted-down” salaries; today’s younger people are watching the devastation of this group (often their parents’ generation) and those that are able to consider such things economically are swearing off families and homes.

It is a massive wealth re-distribution scheme with frightening consequences.

[khelus]

Can you find statistics on employment for those over 55? If their employment participation is not dropping then they are not retiring and the losses have to be coming from lost jobs, not retirements.

I found stats and numbers for 65 and older on Table A-6.

The numbers are divided into Disabled and not Disabled. From April 2011 to April 2012 a total of 1,423,000 65 and older left the labor force. That's an average of 118,580 per month. The numbers are not seasonally adjusted.

IIRC normal population growth is about 125,000 per month and approximately 125,000 new workers consisting of green cards and temp work visas come into the US each month.

Here's an article with some interesting tidbits regarding employment and unemployment.