Monday, August 12, 2013

An Aging Labor Force

The number of workers 55 and over now out numbers the 25-34 year old crowd and it outnumbers the 35-44 year old crowd.  Of course, if you combine those two age groups, there are far more workers than the 55 and over.
Labor force participation rate (green; right).  Employment levels (left) - 55 and over (black), 45-54 (blue), 35-44 (purple), and 25-34 (gray).
Just before the participation rate peaked, the number of 55 and over workers began to accelerate.

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