Older workers are helping to keep the labor force participation rate afloat even as large numbers of Baby Boomers leave the workforce for retirement, new research shows. The labor force participation (LFP) rate, or the percentage of people who are employed or actively looking for work, has been near 63 percent for the past few years, down from 66 percent at the dawn of the Great Recession, according to data from the U.S. Bureau of Labor Statistics (BLS).

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Dad and child at a computerFrank Cania testifies on Capitol Hill