Employment

The Great Shrinking Workforce


In 2007, 66 percent of American adults were either working or looking for work. This year that number dropped to 63 percent. The White House’s Council of Economic Advisers estimates that about two-thirds of this decline comes from baby boomers retiring and the recession. The rest? It’s not completely clear.

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Greeley is a staff writer for Bloomberg Businessweek in New York.

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