Jobs report in 4 charts: who's working, who's not | Marketplace.org:
"Turning to baby boomers: even though it’s well documented that many older workers are staying on the job longer than before, Gary Burtless, a labor economist at the Brookings Institution, says it’s not enough to make up for the large number of boomers who are retiring.
“At age 65, more and more people are participants, and more and more of them are employed," he says. "Well, that might be a surprise, but nonetheless, it’s a small offset.”
Moving from age to gender: men left the labor force in June in big numbers, the continuation of a multidecade trend.
But after steady increases in the participation rate of women toward the end of the last century, they’ve also fallen off in recent years, says John Silvia, the chief economist at Wells Fargo.
"It may be that oftentimes the female is the second bread winner,” he says. “And the cost of her going to work, taking care of the kids, the marginal tax rates just don’t provide the incentives for the second bread winner, whether male or female, to go out there and get the job.”
Featured in: Marketplace for Thursday, July 2, 2015
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Bryan WingJuly 4, 2015
makes sense there are folks not looking. I know a couple folks doing contract work cuz they haven't landed a job. for one, it's been years of looking and applying. oh we're talking odd jobs too not just "contract" jobs. there's definite age discrimination too. employers are not looking for someone with experience and reliability. companies are looking for folks who can be taken advantage of frequently.
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