Msg. 08826 of 47202 (This msg. is a reply to
08814 by
micro1)
Jump:
Ummmmmmm
There something wrong with people 55 and over?
A LOT of years of experience and knowledge in those folks many of whom have a good sense of showing up to work when the doors are open.
I always found I had problems with the young folks. I tried to hire older people because the younger age group is so non-dependable plus they always felt like they were simply entitled...
Besides, people who are 55 plus and not retired still need to earn a living as well.......
While the algos have long forgotten about today's job report whose headline was good enough to unleash an epic buying spree which has pushed the S&P to the highest level since July 2015, a quick read between the lines reveals a continuation of some recent troubling trends, namely that all job gains in recent years have gone exclusively to the oldest segment of the population, those 55 and older.
First, as the chart below shows, when breaking down the job additions by age group as per the Household Survey, of the 180K jobs added in this particular survey, 259,000 were in the 55 and over age group, while only 28,000 were added in the critical 25-54 age group. Young workers, those under 24, lost a collective 107,000 in June. In other words, 90% of all job gains in the month went to workers 55 and over.
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