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Steve McIntosh Report Blog

Older workers capture more jobs

In an economy struggling to surface from the Great Recession, I would expect companies to be hiring bright young people first. That may not be the case.
A recent article in U-S-A Today pointed out that “In February, employment for workers 55 and older rose by 277,000 from January, or 65% of the total 428,000 gains.” That’s according to the Labor Department’s household survey, which is used to calculate the unemployment rate.
U-S-A Today also reports: “Since the start of the recession in December 2007, employment for those 55 and older is up by 3.9 million, even as total payrolls have fallen by 4.2 million.”
Many older Americans who’ve lost their jobs during the recession will not work again. But other healthy Baby Boomers are postponing retirement … in the face of uncertainty over health care, pensions, and Social Security.
Apparently American employers value the experience and work ethic of the Baby Boomers.
Our thought for today is from George Burns:
“You can’t help getting older, but you don’t have to get old.”

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04/11/2012 1:07AM
Older workers capture more jobs
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