Employment of Young vs Old: 2004-2008

by Catherine Mulbrandon

Inspired by last week’s graph on Job Loss by Age, I created this 5 year comparison of the number of employed 16-17 year olds to number of workers above 75. There are two methods for measuring 16-17 year olds: not seasonally adjusted and seasonally adjusted which removes the effects of events like summer employment that follow a more or less regular pattern each year.

{Click on the image to take a closer look}

Data from Bureau of Labor Statistics

[tags]United States, Unemployment[/tags]

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Tagged as: Bureau of Labor Statistics, Line Graph, Unemployment, United States

http://www.jenkyproductions.com Adam Aronson

It’s a nice comparison. Curious though how it will be adjusted in early 2009 with pensioners needing to go back to work given life-savings that have been wiped out. I wonder what the 16-17 yr old population has been doing over the past several years that they’re working less consistently. Is it because of the change in volunteering trends? I don’t think that’s the likely reason, but I’m curious.
Catherine

It is also possible that the very young (unskilled and inexperienced) have the most trouble getting jobs when they become scarce. My next post looks at 24-54 vs 55 & over and the ratio between the two which has been decreasing, maybe due to aging baby boomers?
http://www.thejobvault.com/ Jobs Here

Hello. Great job. This is a great post. Thanks!