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Analysis | The economy is feeling the effects of the fading baby boom
Analysis | The economy is feeling the effects of the fading baby boom
As people retire, there will be fewer people in the total pool of existing workers and fewer people will also be looking for work. Even if none of the remaining people who are unemployed find a job, those retirements can drive unemployment down purely as an artifact of how we calculate the unemployment rate.
Analysis | The economy is feeling the effects of the fading baby boom