Thursday, July 21, 2011

A jobs pinch for the ages:As older workers stay in place, younger aspirants struggle to break in

The Boston Globe reports:
The number of working US residents age 55 and up expanded by 2 million, or nearly 8 percent, between December 2007 and December 2010, while the number of younger workers, ages 16 to 24, fell by nearly 3 million, or about 13 percent, according to the study, which analyzed Labor Department data. Employment among 25- to 54-year-old workers also fell, by 6.5 million, or about 6.5 percent.