masaccio commented on the blog post Economy Adds 96,000 Jobs in August; Topline Unemployment Rate Falls as Employment-Population Ratio Falls
Dave, remember when you look at the EPOP, we are in the early baby boom retirement era. Last year about 2.8 million people reached full retirement age of 65. This year it will be about 3.6 million.
Generally, the age cohorts reaching retirement age are about .3% higher for boomers than for older cohorts. This helps explain some of the EPOP differences. I didn’t find any actual data on this effect.