Is your city’s workforce growing older or younger? CareerBuilder is out with a new study that explores employment trends for the 100 most populous U.S. cities, tracking how the shares of workers ages 22 to 34 and ages 55 and older have changed from 2001 to 2016. Topping the list for cities aging the fastest is North Port, FL, while Madison, WI, takes the lead for cities who are experiencing the biggest infusion of millennials into their workforce.
CareerBuilder created an interactive map to show which cities are aging the fastest, taking into account the overall share of workers ages 55+ and how much that has grown over the last 15 years.
Summary of Key Trends
“Whether they are motivated by financial reasons or personal choice, people are staying in the workforce longer,” said Matt Ferguson, CEO of CareerBuilder and co-author of The Talent Equation. “At some point those workers and their intellectual capital will retire, so a city with a workforce that is aging at a faster rate needs to ensure it is attracting an adequate supply of new talent to fill the gap and fuel economic growth. While big cities have broad appeal, younger generations are also gravitating toward second tier markets with diverse economies, a strong technology presence and affordable cost of living.”
Chosen excerpts by Job Market Monitor. Read the whole story at CareerBuilder Releases List of U.S. Cities With the Fastest-Aging Workforce – CareerBuilder