Job Market Monitor
Baby Boomers
Aging Baby Boomers in Canada – Their participation has surpassed earlier generations in their 60s
The large wave of baby boomers—individuals born between 1946 and 1965—accounted for 31% of the Canadian population in 2000, when they were in their prime ages of 35 to 54, and 24% of the total population in 2020, when they were older adults aged 55 to 74.1 Because of their sheer numbers, baby boomers have … Continue reading
Multigenerational Workforce – Requires flexible leadership, policies and programs
Five generations work side by side in today’s workforce, making it important to create an inclusive culture that meets the varying needs of each age group, according to a new research paper. Members of each generation bring a distinct set of values, attitudes and behaviors to the workplace, noted Kimberly Abel-Lanier, vice president and general … Continue reading
Gen Y – Paying the price for baby boomers
The full scale of the financial rout facing millennials is revealed today in exclusive new data that points to a perfect storm of factors besetting an entire generation of young adults around the world.A combination of debt, joblessness, globalisation, demographics and rising house prices is depressing the incomes and prospects of millions of young people … Continue reading
Baby Boomers in US – Held 11.7 jobs from age 18 to age 48, according to the U.S. Bureau of Labor Statistics
The average person born in the latter years of the baby boom (1957-1964) held 11.7 jobs from age 18 to age 48, 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 … Continue reading
Canada – The baby boomer generation is starting to retire RBC report says
A new Royal Bank analysis suggests the Canada’s labour market is already starting to feel the impact of the aging workforce. The RBC paper notes that, given soft job growth in the past year and the corresponding decline in the labour participation rate, it is easy — and likely inaccurate — to jump to the … Continue reading
Youngest Boomers Turn 50 This Year (Infographic)
Source: The Graying of America: Youngest Boomers Turn 50 This Year – Real Time Economics – WSJ.
In The News | Baby Boomers and the Unemployment Rate , Skills Gap, EI Changes, Layoffs, Older Workers and Plastic Surgery for a Job and More
Jobs: The number of baby boomers retiring is holding down the unemployment rate – UPI.com upi.com – President Obama can thank baby boomers at least in part for the drop in the U.S. unemployment rate, with the first post-World War II generation hitting retirement age at a rate of 10,000 a day. Une… JobMarketMon Macau labor … Continue reading
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