The labor-force participation rate for boomers age 55 and older showed no change between 2010 and year-end 2011, according to a new report.
The Employee Benefit Research Institute, Washington, D.C. published this funding in a summary of results from a survey that examines the rates at which older workers participated in the workforce before, during, and after 2007-2009 economic recession. The report is based on the latest U.S. Census Bureau data and is published in the February 2012 EBRI Notes, "Labor-force Participation Rates of the Population Age 55 and Older, 2011: After the Economic Downturn," posted at the EBRI web site.
The EBRI report finds that the percentage of civilian, non-institutionalized Americans near or at retirement age (age 55 or older) was 40.25% in 2011, the same rate that EBRI recorded in 2010. The participation rate has been rising steadily since 1993, when it stood at 29.4%.
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