Wednesday, December 9, 2020 5:14 AM EDT
Let's investigate employment trends in age groups as distinguished by the BLS.
Employment Levels by Age Group 2006-Present
The lead chart shows the temporary impact of covid. It also gives a glimpse of demographic changes.
If we step back further we can better see employment changes over decades.
Employment Levels by Age Group 1948-Present
Employment Levels 1950-1970
Employment Levels 1980-2000
Employment Levels 2010-2020
Age 55+ became had highest portion of the employment level starting in 2015.
But look what is in second place. It's age group 25-34.
Covid is temporary. Long term secular demographic trends are powerful.
Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment advice. All site content, including ...
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Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.
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