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Where The Jobs Are: "55 And Older"
Zero Hedge ^ | 01/04/2013 | Tyler Durden

Posted on 01/04/2013 7:42:58 AM PST by SeekAndFind

A good jobs report? Sure, if one is 55 and over. In December the American jobs gerontocracy continued its relentless course, and as the two charts below summarize since Obama's first term, some 2.7 million jobs in the 16-55 year old category have been lost. The "offset": 4 million jobs for Americans between 55 and 69. For all those young people graduating from college (with $150,000 in student loans) who are unable to get a job, here is our advice: tell your parents, and grandparents, to retire already. Oh wait, they can't because Bernanke destroyed their savings. Oops - better luck next time.

Job "gains" for all Americans 54 and younger vs those 55 and older:

And the same broken down by segment:

Source: BLS



TOPICS: Business/Economy; Society
KEYWORDS: helpwanted; jobs; layoffs; seniors; unemployment; workforce
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1 posted on 01/04/2013 7:43:02 AM PST by SeekAndFind
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To: SeekAndFind

This is a rather surprising graphic for me. There are so many who are “retiring” early, I don’t quite understand who is taking these jobs ... perhaps there are many in the 55+ group who have taken 2+ jobs to replace their previously good-paying single job of the Bush years.


2 posted on 01/04/2013 7:52:50 AM PST by AFPhys ((Praying for our troops, our citizens, that the Bible and Freedom become basis of the US law again))
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To: SeekAndFind

“...tell your parents, and grandparents, to retire already”

Maybe the younger generation is better served maturing, rather than spending time watching cartoons and playing video games. Most of them are amazingly emotionally immature.

I won’t hire a department head younger than 35. Seriously. There’s always exceptions (very, very few), but I haven’t seen too many who have the emotional maturity to handle leadership.


3 posted on 01/04/2013 7:55:52 AM PST by WKUHilltopper (And yet...we continue to tolerate this crap...)
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To: SeekAndFind

There is also the simple demographics of the gray-wave, Baby Boomers who keep on working and do not retire. Employers have a few good reasons to keep middle-aged (50-70) women: no maternity benefits, few sexism lawsuits, few health problems, unlikely to be in a caregiver role and drop everything to take care of a sick kid, lots of work experience, works in a job where physical strength doesn’t matter like the office.


4 posted on 01/04/2013 7:58:51 AM PST by tbw2
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To: AFPhys

The writer’s explanation is many of these retire-able workers have chosen to stay on because they can’t afford to retire.

Their 401K’s have been devastated by the market downturn and they can’t live off the puny interest they get from their savings.


5 posted on 01/04/2013 7:59:20 AM PST by SeekAndFind
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To: WKUHilltopper

Agreed. Being the center of the universe as a child and self-esteem BS to say you’re perfect and entitled results in people who cannot handle “No”, negotiate or, in many cases, serve as entry level employees told what to do.


6 posted on 01/04/2013 8:00:56 AM PST by tbw2
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To: SeekAndFind

“”””A good jobs report? Sure, if one is 55 and over”””
Yeah, but not everyone in that age group is excited about their part time job at Home Depot.


7 posted on 01/04/2013 8:01:34 AM PST by shelterguy
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To: AFPhys

I think you’ll find that the older population is taking mundane bag-boy type jobs. They’re not working as engineers anymore. Every company I’ve worked for has had a mandatory retirement age. They’re working because their “retirement” assuming they have any, won’t cover their expenses. There are now a huge number of part time positions available because Obamacare had caused companies to limit time worked to 28 hours.


8 posted on 01/04/2013 8:03:59 AM PST by Gen.Blather
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To: SeekAndFind

Makes sense to me. Hiring people who qualify for Medicare gets you off the hook on the Obamacare mandates.


9 posted on 01/04/2013 8:05:55 AM PST by Buckeye McFrog
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To: Buckeye McFrog

I didn’t realize that. Good point.


10 posted on 01/04/2013 8:11:56 AM PST by SueRae (It isn't over. In God We Trust.)
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To: SeekAndFind

Another reason to hire older workers...work ethic and reliability.


11 posted on 01/04/2013 8:15:35 AM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: WKUHilltopper

“Maybe the younger generation is better served maturing, rather than spending time watching cartoons and playing video games. Most of them are amazingly emotionally immature.”

We just hired a 20 something with a Graphic Arts degree to help with the paperwork. He has never worked in his profession and was pushing a delivery cart around our building. He lives with his parents and seems to spend all his time playing online video games. He has done nothing but whine since he came in the office about how things weren’t ‘set up’ for him when he got here. It seems he’s bitching about having to do things for himself. He’s also amazingly out of shape for someone so young.


12 posted on 01/04/2013 8:16:17 AM PST by dljordan (Voltaire: "To find out who rules over you, simply find out who you are not allowed to criticize.")
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To: Gen.Blather

I live out in the country so most of my shopping is done on line...
My UPS guy and FedEx guy are both way over 55... Should be retired but as one said, “...gotta eat!”.
Not too long ago, the FedEx guy was delivering and introduced me to his in uniform ride-along,......Mohamad...hmmmm....


13 posted on 01/04/2013 8:20:03 AM PST by matginzac
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To: AFPhys

Wallyworld


14 posted on 01/04/2013 8:21:44 AM PST by Morris70
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To: AFPhys

Yep, that’d be me. If there was some sort of return on savings and investments, I’d go fishing tomorrow, but since there is not, I keep slaving at it, 70+ hours a week.

Sorry young’uns. Uncle Ben moved my cheese.


15 posted on 01/04/2013 8:25:00 AM PST by SargeK
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To: who knows what evil?

Spot on. I think younger workers think they to be paid more for less work, and are entitled to it. I’ve always felt that your boss can’t give you a raise until he makes the money that he is going to need to pay you more.


16 posted on 01/04/2013 8:30:16 AM PST by CIDKauf (No man has a good enough memory to be a successful liar.)
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To: dljordan

“We just hired a 20 something with a Graphic Arts degree to help with the paperwork. He has never worked in his profession and was pushing a delivery cart around our building. He lives with his parents and seems to spend all his time playing online video games. He has done nothing but whine since he came in the office about how things weren’t ‘set up’ for him when he got here. It seems he’s bitching about having to do things for himself. He’s also amazingly out of shape for someone so young.”

The “self proclaimed” entitled and “every one gets a trophy” generation. It is obvious this guy should automatically move up to a VP level, because I’m sure he really, really, really, really believes he can do it and it will come true (that’s the nonsense the teach in school)!

You don’t have to prepare yourself, work hard, accept current conditions without complaint-—just really, really, really believe! Because “you’re special”! Entitled just because you exist!

It’s good we have a bumper crop of these people. Because if the balloon goes up and we’re really headed for a collapse, the mobs will go after the weak, undiscerning and incapable dimwits first—allowing us more time for preparation.


17 posted on 01/04/2013 8:35:03 AM PST by WKUHilltopper (And yet...we continue to tolerate this crap...)
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To: CIDKauf

‘Entitled’...there’s the key word. If I need help when I am out shopping; I make a bee-line for the older employees...they don’t act like I am ‘bothering them’, and they are usually informed about the item I am seeking...if not; they will find someone that is. I always remark about how pleasant it is to deal with them, as opposed to their younger ‘counterparts’. Sometimes I pass that on to management...


18 posted on 01/04/2013 8:41:30 AM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: tbw2
There is also the simple demographics of the gray-wave, Baby Boomers who keep on working and do not retire.
Keep in mind, the leading edge of boomers is just now hitting 65 y/o.
Many are still working to get their 401k accounts back to where they were before the market tanked.
19 posted on 01/04/2013 9:22:33 AM PST by oh8eleven (RVN '67-'68)
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To: WKUHilltopper

I remember when Boomers used to say “don’t trust anyone under 35”.

Time change and so do boomers.


20 posted on 01/04/2013 9:23:43 AM PST by JCBreckenridge (Texas is a state of mind - Steinbeck)
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