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| Job Participation Rate vs. Baby Boomers Beginning to Retire from Work (PDF) The Northern Trust Company  Sept. 16, 2004 Excerpt: One of the important aspects of the current business cycle has been a decline in the [employment] participation rate........ The 1.1% drop in the participation rate in the current business cycle represents a large drop in the labor force. Retirement of baby boomers has been cited as one of the possible reasons for the decline in the participation rate. |
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