As the job market remains strong, older workers are sticking around
- The economy gained a little more than 2 million jobs over the past 12 months, according to the Bureau of Labor Statistics. The number of employed workers age 65 or older rose by 697,000 — about 36% of the total gain.
- The labor force participation rate for this group has been steadily improving over the last decade as well, indicating that there is more to the trend than just a larger number of older Americans.
- “The norms about working at older ages have changed quite a bit, and I think in a way that really is to the advantage of older workers who want to keep working,” said Boston College’s Matt Rutledge.