Apparently, according to Royal Bank economist Nathan Janzen, the coming baby boom retirement shock is already a factor in the economy. In an RBC analysis the economist notes the steady decline in the so-called participation rate of workers in the economy. This, at a time, the unemployment rate continues to drop. The participation rate dipped to 66.1 per cent in the latest employment data for April, down from 66.5 per cent from a year ago.
Read the full story.
For more Newswire stories:
Tough times for Quebec
Boomer exodus to hit economy
Thanks, US economy!
Oil soars with supply challenges
Asia on economic road to recovery
Calculate your ROI from social media