Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Retirement Planning > Retirement Investing

Jobless Rate Drops Because Retirement Rate Increases? (IRA)

Your article was successfully shared with the contacts you provided.

The number of people unemployed last month declined to 8.6 percent, down from 9.4 percent a year ago. On the one hand, this is good news — job creation, it seems, is on the rise — but the situation is a good deal more complex than the numbers show. As an army of baby boomers approaches retirement, some who have found themselves unemployed have opted to enter retirement early rather than seek to re-enter a still stagnant workforce. The rate of unemployment also decreases when someone who is receiving unemployment benefits decides to stop looking for work, a group that totaled 315,000 people over the course of the past year.