Job Market Monitor
Baby boomer
Baby Boomer Women in US – Too Much Fun to Retire
Kay Abramowitz has been working, with a few breaks, since she was 14. Now 76, she is a partner in a law firm in Portland, Ore. — with no intention of stopping anytime soon. “Retirement or death is always on the horizon, but I have no plans,” she said. “I’m actually having way too much … Continue reading
Millennials in US – More numerous than the baby boomers
Millennials, or America’s youth born between 1982 and 2000, now number 83.1 million and represent more than one quarter of the nation’s population. Their size exceeds that of the 75.4 million baby boomers, according to new U.S. Census Bureau estimates released today. Overall, millennials are more diverse than the generations that preceded them, with 44.2 … Continue reading
Boomers vs Youth on the Worplace – No crowding out but, tension at the individual level
In a series of recent client notes, consulting firm Mercer urges companies to recognize the tension between young and old at work, and to plan for baby boom workers to hang on to their jobs. “For those who choose to retire, many are going to realize … they don’t have enough money to sustain themselves, … Continue reading
US – The number of young workers aged 22-34 basically unchanged since 2007, but not for boomers
Call it the great job stagnation for millennials, and the late-career proliferation of baby boomers. The number of young workers aged 22-34 nationwide is basically unchanged since 2007, while the number of jobs for boomers 55-64 — fueled by mega population growth — has climbed 9% over that time, according to a new analysis from … Continue reading
Canada – Aging population could have a positive effect on the labour market outcomes of youth research finds
Post-recession it is common to hear concerns that youth, facing high unemployment rates, are unable to find good job opportunities. Historically, youth have experienced higher unemployment rates than older workers. In the context of an aging workforce dominated by the baby boom generation and delayed retirement, there appears a general concern that older workers are … Continue reading
Retirement in US – Boomers working to stay employed
“With so many Baby Boomers planning to work longer and retire later, they are taking steps to stay marketable,” says Catherine Collinson, president of the non-profit Transamerica Center for Retirement Studies, which commissioned the national survey of 4,143 full-time and part-time workers conducted this winter by Harris Poll. Although many Baby Boomers want to shift … Continue reading
Baby Boomers and Participation in US – The aging effect accounts for more than 40 percent of the decline
The United States is in the process of a dramatic demographic change – the rapid aging of the popula- tion – and that change has implications for the labor force participation and unemployment figures that we see every month. Since older people have lower labor force participation than the young, as more of the population … Continue reading
US / Many baby boomers are reluctant to retire finds Gallup
True to their “live to work” reputation, some baby boomers are digging in their heels at the workplace as they approach the traditional retirement age of 65. While the average age at which U.S. retirees say they retired has risen steadily from 57 to 61 in the past two decades, boomers — the youngest of … Continue reading
An Aging Workforce is NOT Less Productive
As the population grows older an increasing percentage of the workforce will be past age 60. Older workers are ordinarily thought to be less productive than younger ones, raising the question of whether an aging workforce will also be a less productive one. In new research funded by the Social Security Administration, I consider whether … Continue reading
Compagnies are over-dependent on male Baby Boomer CEOs research finds
Organisations are not adequately prepared for the cultural changes that will occur as executives from the baby boomer generation retire and are replaced by their Generation X and Y counterparts, a study has found. The study After the baby boomers: the next generation of leadership, by global executive search firm Odgers Berndtson in conjunction with … Continue reading
US / Why Is Labor Force Participation Shrinking?
We noted earlier that the recent drop in labor force participation — the percentage of people 16 or older who are working or looking for work — reflects not only the economic downturn and lack of job opportunities, but also the fact that more baby boomers are hitting retirement age. To measure the effect of … Continue reading
No evidence working older persons reduces the job opportunities of younger persons
Between December 2007 and May 2010, the employment rate dropped by 6 percent for men ages 25-54, but less than 1 percent for workers age 55 and older. The pattern for women was equally dramatic: the employment rate dropped by 3 percent for younger women and actually increased by almost 1 percent for older women … Continue reading
Boomers held 11.3 jobs from age 18 to age 46, nearly half of these jobs held from ages 18 to 24.
The average person born in the latter years of the baby boom (1957-1964) held 11.3 jobs from age 18 to age 46, according to the U.S. Bureau of Labor Statistics. Nearly half of these jobs were held from ages 18 to 24. These findings are from the National Longitudinal Survey of Youth 1979; a survey of 9,964 men … Continue reading
Demographic Alert: Older Workers Will Soon Exceed Younger Workers in Numbers in US
For the very first time in history, the number of workers over age 55 will surpass the number of workers ages 25 to 34. Since 1990, the number of older workers has been increasing steadily, while the number of younger workers in that specific age cohort has been steadily declining. It’s just a matter of … Continue reading
Declining Participation Rate | Any bounceback in the participation rate will be fairly small
The Chart Below from Calculated Risk shows the actual annual participation rate and two forecasts based on changes in demographics. Now that the leading edge of the baby boom generation is starting to retire, the participation rate is declining and will probably continue to decline for the next 20 years. Note: the yellow line is … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 