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An older worker refers to an employed person age 65 or older.. A younger worker refers to an employed person age 25 to 64.. The workforce refers to the employed population ages 16 and older.. The labor force includes all who are employed and those who are unemployed but looking for work.. Full-time work is defined as 35 hours a week or more.. References to White, Black and Asian Americans ...

An older worker refers to an employed person age 65 or older.. A younger worker refers to an employed person age 25 to 64.. The workforce refers to the employed population ages 16 and older.. The labor force includes all who are employed and those who are unemployed but looking for work.. Full-time work is defined as 35 hours a week or more.. References to White, Black and Asian Americans ...

According to the U.S. Bureau of Labor Statistics (BLS), about 40 percent of people ages 55 and older were working or actively looking for work in 2014. That number, known as a labor force participation rate, is expected to increase fastest for the oldest segments of the population—most notably, people ages 65 to 74 and 75 and older—through ...

Since the pandemic began, workers ages 50 and older are figuring out how to manage work-life balance — evaluating the type of work they do or want to do, workplace schedules and flexibility, amount of time spent with family, and caregiving responsibilities. They are leaving the workforce, changing jobs, rethinking their careers, or looking ...

Older workers’ labor force participation has increased in recent decades, and this trend ... 3 Bureau of Labor Statistics (BLS) publishes 10-year labor force and employment projections every other year; the most current projections were published in October 2017. Estimates are available at BLS, Employment Projections: Civilian labor force by ...

While older workers don’t make up the majority of the American workforce, they do represent a huge swath. According to the U.S. Bureau of Labor Statistics (BLS), by 2033, about one in four American workers will be 55 or older. This represents a considerable change from decades past. In 2003, just over 15 percent of U.S. workers were 55 or ...

Today's older workers are better educated, working more hours, and more likely to be receiving employer benefits, compared to past decades, per a 2023 Pew Research Center report. Yes, but: The share of older adults in the workforce has been generally rising since the late 1980s, Emily writes.

According to the Bureau of Labor Statistics, more than 1 in 5 workers were 55 or older in 2023. In that same year, 15 percent of workers were between 55 and 64, and about 7 percent were 65 or older.

For many older adults, work provides economic security and social interaction, and improves quality of life. According to the U.S. Bureau of Labor Statistics, in 2021 nearly one in four American workers was age 55 or older. Labor force participation rates for older workers are projected to increase through 2030.

The group of workers who will make up that increase in numbers are currently in the 55–74 age group in the BLS data set. In 2023, the Pew Research Center reported that the number of workers 65 and older still in the workforce has doubled in the last 35 years. More of those workers are working full time (62% versus 47% in 1987).

During the two-decade period between 2000 and 2020, the share of employed workers ages 60 and over has doubled among both men and women (Figure 2-1). Specifically, the percent of all employed men who are in that age range rose from 7.4 to 14.8 percent, while among all employed women it rose from 6.3 to 14.0 percent. Although most of this increase, in absolute terms, was due to a growing share ...

In 2018, older workers earned 7 percent more than the median for all workers. Education. In 1998, 1 in 5 older workers had less than a high school education. By 2018, fewer than 1 in 10 older workers had less than a high school diploma. The percentage of older workers with a college degree grew from 26 percent in 1998 to 42 percent in 2018.

The U.S. Bureau of Labor Statistics (BLS) projects that by 2024 — just five years from now — 13 million people age 65 and older will still be working. These older workers will constitute the fastest-growing segment of the workforce from 2014 to 2024. While the total number of workers is expected to increase by 5 percent over those 10 years ...

According to the U.S. Bureau of Labor Statistics (BLS), about 40 percent of people ages 55 and older were ... the 20th century, older workers—which BLS defines as those ages 55 and older—made up the smallest segment of the labor force. In the 1990s, however, these older workers began to increase their share of the labor force, ...

The employment prospects for older workers have improved since employers slashed jobs during Covid. Here's how experts say they may extend their careers.

The earnings gap has narrowed in part because older workers are working more hours than they used to. In 1964, 56% of older workers worked full time. By 1987, that share had fallen to 47%. Today about 62% of workers ages 65 and older work full time. Over the course of a year, the average older worker works 1,573 hours, up from 1,213 hours in 1987.

The Growing Ratios of Older Workers. It might seem intuitive that the participation rate for the older workers would have declined the fastest. But exactly the opposite has been the case. The chart below illustrates the growth of the LFPR for six age 50-plus cohorts since the turn of the century. ... (and note that the birth statistics below ...

In 2024, K-12 schools employed the most workers aged 65 and older, followed by hospitals and real estate offices, according to Bureau of Labor Statistics data. Industries like legal services, consulting, and social assistance also attract significant numbers of older employees, reflecting both expertise-driven roles and personal service fields.

Statistics from the Bureau of Labor Statistics show that the employment-population ratio of persons aged 65 and over has risen from approximately 12% in the mid-1990s to over 18% in 2015 and 2016. Data from the Census Bureau’s Longitudinal Employer-Household Dynamics (LEHD) program can tell us more about the jobs of older persons. “Statistics from the LEHD program at the Census Bureau show ...