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Fact-of-the-Week: 2 May 2011


fact of the week

WORKERS AGED 65+ INCREASE THEIR LABOR PARTICIPATION


"The labor force participation rate of persons aged 65+ has increased markedly in recent years. In 2010, an average of 17.4% of persons aged 65+ were in the labor force, up from 10.8% 1985. The number of labor force participants aged 65 and over has increased by more than 15% (or by 915,000 workers and jobseekers) since December 2007. As of January 2011, nearly 6.9 million members of the labor force (4.5% of the total) were at least 65 years old," according to a 2011 analysis of BLS data.


Rix, S. E. (2011). Unemployment down but overall job growth remains anemic. (Fact Sheet No. 210). Washington, DC: AARP Public Policy Institute. (p. 6) Retrieved from http://assets.aarp.org/rgcenter/ppi/econ-sec/fs208-employment.pdf