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Why 12.6 Million People Left The Workforce Since 2007 In One Chart

Joe WeisenthalFeb 24, 2014, 18:06 IST

Your must-read of the day is Matthew Boesler's examination of the impact of retiring Baby Boomers on the Labor Force Participation Rate.

Short-story: While it's true that the Labor Force Participation Rate of the Baby Boomer cohort has ticked up a bit, the overall shift from prime-age workers to Baby Boomers has been a big driver of lower workforce participation.

This one chart shows why 12.6 million people have left the workforce since 2007.

Business Insider/Matthew Boesler (data from Atlanta Fed, courtesy of Ellyn Terry)Why people have left the labor force.