Today, we're going to start by looking directly at the evidence that would seem to support the case that Baby Boomers are making out much better than younger Americans in the Great Recession in the second part of our three-part series.
Here, we'll start by showing the number of individuals counted within each approximately five-year long age grouping recorded by the BLS as being employed in November 2006 and November 2011. Only the data for the very youngest, Age 16-19, and oldest, Age 75 and older, cover different age ranges. The data shown in our first chart applies to the BLS' non-seasonally adjusted figures for each of the indicated age groups:
Comparing the recorded values for the same age groupings in November 2006 with those for November 2011, we find that there would indeed appear to be a significant shift favoring Americans over the age of 50.
We can see that move clearly if we focus in the differences recorded in the values from November 2006 to November 2011, as shown in our second chart:
We observe that the age distribution of the U.S. workforce would appear to have shifted strongly in favor of those Age 50 and older.
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NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for November 19th, 2014 | John Ransom
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for November 17th, 2014 | John Ransom