Job Market Monitor
older workers
Older Workers in US – Working longer cannot solve the retirement crisis
Working longer is often proposed as the solution to the retirement crisis caused by older workers’ lack of retirement assets, but new research from SCEPA’s ReLab shows this assumption doesn’t match older workers’ real experiences in the labor market. Spreadsheet models used by advocates of delaying retirement assume older workers delay claiming Social Security to … Continue reading
Jobs Recovery and Older Workers in US – 1.1 Million of them out of the labor force
In the final months of 2020, as the pandemic surged again and businesses were forced to scale back or close, the initial labor market recovery stagnated. For older workers, however, the recovery didn’t just pause—it took several steps back. Older workers (ages 55 and older) gained an insignificant number of jobs between August 2020 and … Continue reading
Covid and Older Workers in UK – Age not seen as a priority diversity issue by the employers
Although the proportion of people aged 50 and over in the workforce has steadily increased over the past three decades, many older workers are not able to find the fulling work that they desire. When seeking a new role, age discrimination may be a significant barrier for older workers, as age is the least scrutinised … Continue reading
50 And Over in UK – The average age of exit of the labour market has increased by 2.3 years since 1996
This publication details the trends over time in the economic labour market status of individuals aged 50 and over. Analysis is provided on the three headline measures announced in the Fuller Working Lives (FWL) Strategy 2017 that the government use to monitor progress on FWL. The UK has an ageing population and workforce, therefore, it … Continue reading
Employing Older Workers in Australia – A Human Rights Commission’s report
This report is based on a survey of AHRI members conducted in July – August 2018 in association with the Australian Human Rights Commission. Similar surveys were conducted in 2012 and 2014 by AHRI. A majority (63 per cent) of respondents classify an older worker as 61 years of age or older, an upwards shift … Continue reading
Older Workers in US – A substantial number are already well positioned to fill job openings in the projected shortage occupations
Although workers age 50 and over experience relatively low levels of unemployment, they are more likely than other age groups to experience high levels of long-term unemployment, stagnant wages, and declining job opportunities. Meanwhile, many employers are experiencing labor shortages and having trouble filling vacancies with qualified, well-trained workers. This contradiction presents an opportunity to … Continue reading
Unemployed Older Workers in Australia – Employers are cautious about candidates referred by public employment services – especially mature age jobseekers
Australia’s publicly funded employment services are not working particularly well for mature age jobseekers. The rate of long-term unemployment among those aged over 45 is relatively high. In a changed labour market and with an ageing population, understanding the attitudes and needs of employers is vital to assisting unemployed older Australians get and keep jobs. … Continue reading
Older Workers in US – A strong willingness to work, especially in jobs with flexible schedules
Older Americans, even those who are long retired, have strong willingness to work, especially in jobs with flexible schedules. For many, labor force participation near or after normal retirement age is limited more by a lack of acceptable job opportunities or low expectations about finding them than by unwillingness to work longer. This paper establishes … Continue reading
Australia – A very positive perception of mature age workers by employers
Attracting and retaining an engaged and productive workforce is key to the success of any organisation and, in turn, is critical to a thriving economy. With an ageing Australian population and skills shortages experienced across many industries, it is more important than ever for organisations to encourage experienced workers to remain in the workforce. Whilst … Continue reading
Older Workers in UK – Although their number in employment is rising, employment rates still drop sizeably reports says
Older workers account for a growing proportion of the UK workforce. As such, it is increasingly important to understand more about the working experiences of older individuals as well as the potential impact changes in the age composition of workplaces may have on their performance. Key findings (1) the proportion of workers aged 50 and … Continue reading
Job Programs for Older Workers in the US – How to to increase the availability and effectiveness
Today, a decreasing percentage of counseling, job matching, and job development services are staff-assisted. American Job Centers do not currently have dedicated staff specializing in job development and job placement for older workers. Selected Public Workforce Development Programs in the United States: Lessons Learned for Older Workers provides a selective review of public workforce development … Continue reading
Leveraging the Talents of Mature Employees – A report
Older adults are a valuable source of talent for organizations today and will become more valuable in the next few decades. Mature workers have experience and skills honed during decades of employment. Many have pursued further education and expanded their skill sets during their careers and in periods of unemployment or underemployment. Retaining talented mature … Continue reading
Older Workers Who Lost Their Jobs During The Great Recession In US – Stronger welfare policies would have helped their mental health research finds
The old cliché states, “Money doesn’t make you happy”, but is this really true? In new research, Carlos Riumallo-Herl finds that wealth had an insulating effect against depression for older workers who lost their jobs during the Great Recession in the U.S. He finds that in comparison to workers in the U.S., those in Europe … Continue reading
Getting Older in UK – Salary down by £400 per year in 50s
Employees reach their highest average earning potential in their 40s, with a possible salary drop of £400 per year in their 50s, according to research by Friends Life. The research is based on Office for National Statistics (ONS) figures analysed by age and sector. It reveals the average salary for senior managers and directors between … Continue reading
UK / 83% of jobseekers over 60 believe that they have been rejected for a job because of their age
The survey also found that 73% of those aged 51-60 feel that they too have been discounted from a role due to their age Continue reading
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