Wednesday, October 24, 2012

Majority Of Jobs Created: Part-Time Senior Work

Majority Of Jobs Since '09: Part-Time For Seniors
ZeroHedge.com, one of my favorite sites on the web, parsed employment data going back to 2009 and found something extraordinary: The majority of the jobs created since the recession officially "ended" in June 2009 have been filled by Americans age 55 or older, a demographic challenged with the prospect of not having enough money to retire. It doesn't take a rocket scientist to deduce what that means about the quality of jobs created: they've been of the part-time, low-wage variety. Another extraordinary finding: there are 729,000 fewer Americans of prime working age (25-54 years old) employed now than there were 3 years ago. How about that recovery!

Majority Of Jobs Since '09: Part-Time For Seniors - chart



1 comment:

  1. And somehow this is supposed to be a brighter future for young Americans...? And they wonder why people are so disenchanted! Thanks for sharing!

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