Two Job Tales: Older Workers Stay On The Job As Ranks Of Discouraged Younger Workers Grow - Investors.comJob holders 55 and up have risen by 3.9 million — and fallen by 8.1 million among those under 55, Labor Department data show. It's been 50 months and counting since payrolls peaked, a post-war record. Labor releases the April jobs report on Friday morning.
Some of this shift reflects demographics. Thanks to aging baby boomers, the 55-and-older population has grown by just shy of 10 million since the end of 2007. Meanwhile, those age 35-44 have fallen by 2.5 million.