Mystery solved, it's early retirement for college males
I come to the conclusion that early retirement is a major contributor to the recent fall in the LFPR. Men who are well-educated are leaving the work force at a younger age than they used to.
and Bush breaks another record
Despite the mild job growth since August, total employment fell last year by 331,000 on top of a 1.5 million drop in 2002. The last time employment, as measured by the survey of 400,000 establishments, declined for two consecutive years was in 1944 and 1945 as war production wound down...
