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40% of people age 55+ are in the labor force

In July 2017, for people age 55 and over, the labor force participation rate was 40.1%. Ten years ago, in July 2007, the participation rate was 38.9%, according to a 2017 analysis by the U. S. Bureau of Labor Statistics. (see chart data)
Bureau of Labor Statistics. (2017). Employment-population ratio and labor force participation rate by age: The Economics Daily. Washington DC: U.S. Department of Labor. Retrieved from this source.
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