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More economists and others who do pour over these statistics the same as we do. I've been reading the claim the low labor participation rates are due to aging population for some time and it does take awhile to crunch these numbers, believe me, that's a lot of graphs and data series breakdown to do the above using just Excel.
But these people can easily obtain quickly the labor participation rates of those between the ages of 25-54, monthly and seasonally adjusted. It's fallen roughly two full percentage points from before the Great Recession and when dealing with ratios of large numbers that's significant.
I might do this exercise again using civilian populations and employment ratios, with the same tight 5 year age window to show similar results.
Pundits, lobbyists seem to make up numbers as they go along.