All Job Growth Since 2007 is in the 55+ Age Demographic
This startling assertion is put forth by Mish Shedlock and supported by this graph from raw BLS data below. Note the red line, of over-55 workers in the labor force, is the only one rising.
In my October client letter, I had discussed how more and more Americans were delaying retirement, by choice or necessity, causing the over-65 demographic to be the fastest growing segment of the labor force.
But this new set of data is remarkable and speaks to the true depth of the persistence of the unemployment problem for the majority of those in labor force, whether they are just getting out of school or are in mid-career.Tags: Employment, jobs