Boomers Rockin’ the Work Force!

Ok, just checking to see if you are paying attention-I haven’t used Boomers and “rockin'” in the same sentence for a while now, but there is a point to this post.

The Bureau of Labor Statistics on January 24, 2014 released on a nifty chart that shows the “percentage distribution of the civilian labor force by age, 1992, 2002, 2012, and projected 2022”. What does this mean? Well basically “[w]ith the aging of the post-WWII baby boom generation, those aged 55 and over are expected to make up a larger share of the labor force than in the past. From 1992 to 2002, the share of the labor force for those aged 55 and over increased from 11.8 percent to 14.3 percent. In 2012, their share of the labor force increased to 20.9 percent and is now projected to increase to 25.6 percent by 2022.”

The article on which the chart was based was published in the December 2013 Monthly Labor Review.