We hear it anecdotally all the time: Baby boomers are staying in the workforce longer and delaying retirement. The Wall Street Journal touched on this recently, and to provide further clarity, we looked at U.S. Census Bureau data inside Analyst to break down the 65-and-older segment of the workforce.
The upshot of our analysis? Retirement-aged workers (or at least what’s traditionally been considered retirement age) are indeed growing as a share of the total U.S. labor force. An estimated 4.7% of jobs are held by workers who are 65 and over, up from 4% in 2001. That amounts to seven million jobs.
Much more on the 65-plus workforce is summarized in the following EMSI infographic.
Data and analysis for this infographic came from Analyst, EMSI’s web-based labor market tool. Follow us on Twitter @desktopecon. Email Josh Wright if you have any questions or comments, or would like to see further data.