"Old Folks Retiring"? Nope.

There are a number of observers who maintain that the labor force participation rate has declined due to "old folks retiring."

Not according to this graph:

The LFP rate of oldsters has risen remarkably since 2000.  While the figures are not updated through '12, it appears as though those who hold that LFP of older workers has grown due to the Great Recession has more substance than the other school.

HT:  Barry