Thursday, February 16, 2012

EBRI Report on Labor Participation Rates of Older Workers following Economic Downturn

The percentage of Americans 55 or older in the work force remains at its recent highs in 2011, according to a new report by EBRI. However,the article on "Labor-force Participation Rates of the Population Age 55 and Older, 2011: After the Economic Downturn" in the February 2012 issue of EBRI Notes, finds that this trend is almost exclusively due to the increase of women in the work force and that the male workforce participation rate is flat to declining.

EBRI concludes that the recent economic downturn did not alter the trend of older workers increasingly being in the labor force. Instead, it finds that this appears to remain the trend, as "more opportunities for older workers exist and there is a greater necessity for them to remain in the labor force to accumulate sufficient or adequate resources for retirement."

Source: EBRI Press Release (February 26, 2012)

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