Number Of Workers Aged 25-54 Back To April 1997 Levels | ZeroHedge
When people think of the conventional battery of options the BLS applies to fudge the monthly payrolls number, the labor force participation is the first thing that comes mind: after all the thesis is that old workers are increasingly dropping out of the labor force and retiring.
Nothing could be further from the truth as can be seen in this chart of workers aged 55-69, i.e. the prime retirement age.
But perhaps a far more important secular issue is the complete lack of pickup in the prime worker demographic, those aged 25-54, which in November dropped by 400k to 94 MM.
in other words in the past 15 years not a single incremental job has been gained in this most productive and lucrative of age groups!