[elpadre]

Are men who are retired and receiving a pension or Social Security retirement benefits considered “out of the labor force?”

[madison10]

Probably. Given that and the HUGE number of boomers in that category, sure there are fewer men in the labor force.

My brothers struggle. One works two or three jobs at 45. He left a decent paying job because the boss was crooked. I worry about my younger teen nephew and what will be around when he graduates. Even tougher for guys as Christian (straight), white males.

[SeekAndFind]

RE:Are men who are retired and receiving a pension or Social Security retirement benefits considered “out of the labor force?”

As I understand it, the answer is “Yes”, and so are kids who are still in college and not working.

That is why the labor force participation rate is for me, also an inaccurate measure of how good or dire the job market it.

Heck if I wanted to increase the labor force participation rate, I would have to tell my uncles and aunt (in their mid 70’s ) to get off their butts and go back to work. How ridiculous is that?

It is very much like our inflation rate (CPI), which does not include the price of real estate, energy, college cost, etc. Taxes are also not included.

See here:

https://www.forbes.com/sites/perianneboring/2014/02/03/if-you-want-to-know-the-real-rate-of-inflation-dont-bother-with-the-cpi/#2b955e12200b