A Bureau of Labor Statistics report showed the percentage of the U.S. population not in the labor force jumped to 35% in 2014, up from 31.3% in 2004. The figure included a 100% increase in 16- to 24-year-olds who cited retirement as the reason for dropping out of the labor force.
The December 2015 report contained data from the Current Population Survey and its Annual Social and Economic Supplement, and looked back at the prior year's data. It considered a person out of the workforce if he or she did not have a job and was not looking for work.
The number of 16- to 24-year-olds who claimed an early retirement climbed to 166,000 participants in 2014 out of a total of 38.5 million overall retirees.
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