Elderly Workers Overtake Teens in U.S. Job Search: Chart of Day
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U.S. employees old enough to retire are outnumbering their teenage counterparts for the first time since at least 1948, when Harry Truman was president, a sign of how generations are competing for scarce jobs.
The CHART OF THE DAY shows the number of people aged 65 and older in the labor force -- defined as those who are working or looking for work -- has averaged 6.6 million in the first half of this year, more than the 5.9 million workers between 16 and 19, according to the Labor Department. There are now 1.13 older workers for every teen, compared with 0.5 a decade ago. (For the full Interactive Insight version of this story, click here.)