America’s labor force has been in a state of flux for 50 years. The steady surge in women entering the workforce between 1950 and 2000 fueled the growth in the percentage of employed adults, called the employment to population ratio. But since peaking around the beginning of the millennium, the employment rate has been sliding down the back side of the hill, declining by about 4 percentage points between 2000 and 2020. Economists are rightly concerned about the trend.
The employment rate has fallen for every age demographic except one: older workers. Americans over age 60 were responsible for all […]
Full Post at www.timesfreepress.com