Baby Boomers choosing to retire earlier
There was one tiny bright spot to March's unemployment report: 164,000 fewer people were looking for work. One particular demographic that has dropped out of the search -- Baby Boomers.
The March jobs report had one of those weird anomalies where the number of jobs created in the month was disappointing -- but the unemployment rate actually got better -- a good surprise.
And the reason for that is that 164,000 fewer people told the Labor Department they were out actively looking for work.
On today's Mid-day Extra, Matt O'Brien, an associate editor at The Atlantic, explains where demographics play a role in those numbers.