Not in labor force increased by 845,000 in December, 436,000 were over the age of 65 as 635,000 fewer Americans report having jobs

Not in labor force increased by 845,000 in December, 436,000 were over the age of 65 as 635,000 fewer Americans report having jobs By Robert Romano

"The number of Americans not in the labor force increased by 845,000 to 100.5 million...
What has been unusual during the current period is the number of seniors leaving the labor force, which is leading to labor shortages and mitigating what otherwise might be a steeper downturn.

• Job openings peaked at 12 million in March 2022 and are now down to 8.79 million, a 27 percent decrease, which again, usually happens in slowdowns and recessions...
• In fact, since June 2008, the number of seniors not in the labor force has increased by 68.7 percent from 19 million to more than 32.1 million, underscoring the demographic shift that is going on...