Retiring Baby Boomers Are Not the Main Reason for the Drop in Labor Force Participation

The Washington Post repeated one of the major myths about the recovery in an article in the March employment report when it told readers:

"In the long shadow of the recession, the share of the population in the work force sunk to 62.4 percent in September, the
lowest level in nearly 40 years. The government calculates that number by counting the people who have a job or are actively
looking for one. That means students, retirees and stay-at-home parents are generally not considered part of th...