The recession slowed but did not stop the trend of older U.S. residents staying in the workforce longer.
Craig Copeland, a researcher at the Employee Benefit Research Institute (EBRI), Washington, comes to that conclusion in an analysis of Census Bureau labor market data.
The percentage of civilian noninstitutionalized U.S. residents who were in the labor force fell to 29% in 1993, from 35% in 1975. Older workers’ labor market participation rate then started to rise and increased to 40% in 2010.