Here's a great Jed Graham chart illustrating how the age dynamics of the recession have played out. Among older workers, job losses seem to have been counterbalanced by a trend toward much reduced rates of voluntary retirement since people have lost so much of their household wealth. Among prime age workers, there's a big hit followed eventually by a meaningful recovery. But in the youngest cohort, things have really gone way down. Lots of people trying to hide out in school and a lot of diminished attachment to the labor market.