Question, are these stats based on the most recent census data for population and then reported employment numbers? If so changes in population (considerable deportations for example) might effect an assumed denominator that no longer holds. That said if the labor numbers rely on above board work, then perhaps that would not impact the numerator as much either. The methodology is important here.
Submitter here, I posted because I think there is a confluence of interesting macroeconomic factors at work here. Certainly, immigration policy is factoring into this, as the restaurant industry is highly dependent on such labor. At the same time, we're still seeing 55+ leave the labor force rapidly (~4M Boomers continue to retire per year, ~330k/month), leaving only younger prime working age cohort, which continues…
Youngest Gen X are 46, oldest are 65. Can we stop with this "retiring boomers" thing?