Our earlier update on demographic trends in employment included a chart illustrating the growth (or shrinkage) in six age cohorts since the turn of the century. In this commentary, we’ll zoom in on the age 50 and older Labor Force Participation Rate (LFPR).
Demographic Trends for the 50-and-Older Work Force
The overall LFPR peaked in early 2000 at 67.3% and gradually began falling. The rate leveled out from 2004 to 2007, but in 2008, with the onset of the Great Recession, the rate began to accelerate.
Fuente: Jill Mislinski, Advisor perspectives, 10 June 2020.
Fuente: Jill Mislinski, Advisor perspectives, 10 June 2020.