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How older workers could help save America from workforce peril

The share of workers older than 61 transitioning into retirement slows as many choose to stay on the job

Washington

SOMETHING strange happened in the US labour market last year. Even as the population grew older, the participation rate - the measure of all adults who are working or looking for work - stabilised, bucking its downward trend and surprising some economists.

It turns out, you can thank people such as Philip Lenowitz.

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