In February, the proportion of people ages 55 to 64 in the work force rose to 64.8%, up 1.5 percentage points from last April. That translates to more than an additional million people in the job pool, according to the U.S. Labor Department. The ranks of those 65 and over in the work force rose to 16.2% from 16% in the same time span -- meaning 212,000 more hands on deck. So far, the numbers for March continue to show a "sharp" increase, says Steve Hipple, a department economist.Levitz also reports that investment advisers and retirement planners at more than a dozen firms "say they are seeing large numbers of older workers put off retirement as the housing and stock-market troubles have deepened."
Source: Wall St. Journal "Americans Delay Retirement As Housing, Stocks Swoon" (April 1, 2008); also reprinted in Atlanta Journal Constitution (April 1, 2008)