Comment on Fewer People 55-And-Over Choose To Work. But Why?

<- View Parent
TranscendentalEmpire@lemmy.today ⁨1⁩ ⁨week⁩ ago

Searching for work means they’re receiving unemployment benefits. My benefits ran out six to eight months ago. I am not considered unemployed.

The department of labour defines it as anyone receiving benefits or still seeking employment. Seeking employment is defined as making specific efforts to find a job in the last 4 weeks. So no, that is not correct.

the percentage of the population that is in the workforce is decreasing. I believe that statistic is called the workforce participation rate.

The labour participation rate keeps track of the percentage of the civilian non-institutional population (ages 16 and older) that is either working or actively looking for a job

It has been in decline since the year 2000 largely due to the baby boomers reaching retirement age.

source
Sort:hotnewtop