Friday, April 10, 2009

Age 65 and Over the Fastest Growing Employed Group!

It appears the need to generate income is motivating the older generation to stay in work, especially during difficult and uncertain financial times when their nest-eggs are less than secure, and they are turning to the Internet to seek out jobs.
For many older job seekers who have lost long-term jobs, the Internet is a new medium through which to find new positions and opportunities exist for niche content to attract them.

Older Workers remaining in and returning to the Job Market in Record Numbers
by Patty DeDominic, Business Coach to High Achieving Professionals & Entrepreneurs

According to my own research and the US Bureau of Labor Statistics this trend will continue. BLS state that while the total labor force is projected to increase by 8.5% between 2006 and 2015, when broken down by age group some very different trends emerge. In particular, workers aged 55-64 are expected to rise by 36.5%,
but the most dramatic surge will be among workers aged 65+ - up an incredible 80% as Baby Boomers flood the job market.

Overall, workers aged 65 and over are predicted to make up 6.1% of the total labor force by 2016, up from 3.6% in 2006.

In January 2009, CareerBuilder was the most trafficked job site
with 20.8 million unique visitors.
Yahoo! HotJobs came in second with 11.8 million visitors,
while was third with 9.5 million visitors.

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