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kentuck

(111,079 posts)
Fri Sep 7, 2018, 07:16 PM Sep 2018

10,000 Baby Boomers retire each day?

Would that have an impact on the number of jobs created and the job rate percentage? That's a job loss of about 280,000 per month from retirement only. With 3.9% jobless rate, how many of those babyboomer jobs are being filled by others?
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Unrelated Subject:

http://www.bu.edu/alumni/2018/03/05/10000-baby-boomers-retire-each-day-in-the-us-four-secrets-to-avoiding-retirement-funk/

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10,000 Baby Boomers Retire Each Day in the US: Four Secrets to Avoiding Retirement Funk

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10,000 Baby Boomers retire each day? (Original Post) kentuck Sep 2018 OP
They drop out of the job market so are not counted wasupaloopa Sep 2018 #1
I have decided I will definitely retire when I hit 80 DFW Sep 2018 #2
You are really asking about the labor participation rate marylandblue Sep 2018 #3
A very good read malaise Sep 2018 #4

DFW

(54,349 posts)
2. I have decided I will definitely retire when I hit 80
Fri Sep 7, 2018, 07:28 PM
Sep 2018

Maybe even a little sooner if I can find someone to take my place (or if the job kills me first, though dying of boredom would be worse). Great salary and benefits, lots of travel, as much vacation as you decide you can fit in.

The job requirements are a sticking point, though...........

marylandblue

(12,344 posts)
3. You are really asking about the labor participation rate
Fri Sep 7, 2018, 07:33 PM
Sep 2018

That's the percentage of all adults who work or are counted as unemployed.

https://data.bls.gov/timeseries/LNS11300000

You can see it declined sharply after the 2008 recession, meaning that many people permanently left the work force through retirement, discouragement etc. The last few years it's been around 63% so now about as many people are leaving the work force as are entering it.

https://www.thebalance.com/labor-force-participation-rate-formula-and-examples-3305805

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