MAJOR GARRETT: Why are fewer people looking for jobs?

I believe there are some useful nuggets in the analysis, but also a lot of hooey. Two items that jumped out for me:

1) Youth are staying in school (and accumulating debt) because there's no place to go except their parents' basement (i.e., pajama boy).

2) Baby boomers aren't retiring because they want to; they're retiring because they've been forced out (i.e., me). Those who have stayed in, or or re-entered, have either been very lucky, or have taken lesser jobs for which they're substantially over-qualified.

The Labor Department data may be good, but the analysis fails the 'look out the window from your Ivory Tower' test.