Type of Content: News

Subtype: Blog

Resource Title: Older Workers Accounted for All Net Employment Growth in Past 20 Years

Publication Title: St. Louis Fed on the Economy Blog

Publish Date: February 1, 2021

Total U.S. employment grew by 11,767,000, or 8.5%, in the 20 years ending in December 2020.1All that growth—11,879,000, or 101% of the total—was due to increased employment of people age 60 and older. Meanwhile, the net employment change over the past two decades of people ages 16-59 was -112,000 (-1% of the total change), despite this younger group being 3.8 times as large as the older group in December 2000 and still 2.4 times as large in December 2020.

Older Workers Accounted for All Net Employment Growth in Past 20 Years

Resource URL: https://bit.ly/3k7Y8UK