Where The Jobs Are: "55 And Older"

Tyler Durden's picture


A good jobs report? Sure, if one is 55 and over. In December the American jobs gerontocracy continued its relentless course, and as the two charts below summarize since Obama's first term, some 2.7 million jobs in the 16-55 year old category have been lost. The "offset": 4 million jobs for Americans between 55 and 69. For all those young people graduating from college (with $150,000 in student loans) who are unable to get a job, here is our advice: tell your parents, and grandparents, to retire already. Oh wait, they can't because Bernanke destroyed their savings. Oops - better luck next time.

Job "gains" for all Americans 54 and younger vs those 55 and older:

And the same broken down by segment:

Source: BLS

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Fri, 01/04/2013 - 11:31 | 3122041 IvyMike
IvyMike's picture

Evolution is true, but you don't have the slightest clue about natural selection.

Fri, 01/04/2013 - 12:02 | 3122178 ZeroAvatar
ZeroAvatar's picture

IvyMike = GullyFoyle?

Fri, 01/04/2013 - 12:04 | 3122197 fuu
fuu's picture

Pretty much.

Fri, 01/04/2013 - 13:15 | 3122545 akak
akak's picture

Ivymike = AnAnonymous after Engrish immersion program.

Sat, 01/05/2013 - 17:14 | 3125737 phyuckyiu
phyuckyiu's picture

Don't you have some nuts and berries to forage for faggot? Starbucks is gonna close soon, you'll need to forage with your EBT card for dinner.

Fri, 01/04/2013 - 12:07 | 3122214 Proofreder
Proofreder's picture

No, NO ... the controlling gene set is selfish, assuring procreation is in its' favor.  And truth has long since been established; it's the Law of Evolution, not a theory for those who believe.

- idiot.

Fri, 01/04/2013 - 11:04 | 3121926 davinci7_gis
davinci7_gis's picture

The unempoyed and protesting youth will be rounded up and used for cannon fodder in the upcoming war!

Fri, 01/04/2013 - 11:11 | 3121960 Shocker
Shocker's picture

So its just the younger generation that is saddle with all this college debt, and a horrible job market.

And they say " Don't get old"

Fri, 01/04/2013 - 11:47 | 3122121 Zap Powerz
Zap Powerz's picture

Welcome to Costco, I love you.

Welcome to Costco, I love you.

Fri, 01/04/2013 - 12:47 | 3122416 Papasmurf
Papasmurf's picture

Don't disrespect someone who is working.  There is nothing wrong with being a walmart greeter.  What is wrong is being a banking crook.

Fri, 01/04/2013 - 10:52 | 3121863 Dr. Engali
Dr. Engali's picture

Damn I have 5 more years before I'm a statistic.

Fri, 01/04/2013 - 10:55 | 3121884 sessinpo
sessinpo's picture

You were a statistic 50 years ago. No one counts you until it is favorable to their message.

Fri, 01/04/2013 - 11:09 | 3121949 Dr. Engali
Dr. Engali's picture

Yeah I'm sure that I grouped into many statistics...I should have been clearer and qualified my statement for that particular statistic.

Fri, 01/04/2013 - 12:03 | 3122193 ZeroAvatar
ZeroAvatar's picture

Don't worry:  you'll be 'Restatisticated'.

Fri, 01/04/2013 - 12:24 | 3122302 slaughterer
slaughterer's picture

Mainly retirees working retail and buying iPads these days.  

Fri, 01/04/2013 - 10:56 | 3121887 fonzannoon
fonzannoon's picture

I have 20 more years to go before I have a shot at a job.

Fri, 01/04/2013 - 11:04 | 3121922 MachoMan
MachoMan's picture

Don't worry, the social safety net will be fairly cushy for a decent portion of that...  however, auctioning off your anal virginity during the remainder of your sentence probably won't be so cushy...  and, I suspect, there will probably be significant competition on the supply side at that point.

Fri, 01/04/2013 - 11:11 | 3121958 fonzannoon
fonzannoon's picture

I see you are a glass half full guy like me.

Fri, 01/04/2013 - 11:16 | 3121983 MachoMan
MachoMan's picture

In a two girls one cup sort of way...

Fri, 01/04/2013 - 11:46 | 3122113 Fredo Corleone
Fredo Corleone's picture

The "gilf" thing almost precipitated a coffee/keyboard event -- that said, fortunately, upon reading this one, the Peet's had already been finished. MachoMan, you are in rare form today.

Fri, 01/04/2013 - 12:32 | 3122336 MachoMan
MachoMan's picture

and I haven't even started drinking yet...  at least I'm being productive at work...

Fri, 01/04/2013 - 11:18 | 3121988 NoDebt
NoDebt's picture

Awesome!  I'll be employable in only about 10 years!

Sorry to hear about the 20 year thing, Fonz.

Fri, 01/04/2013 - 11:27 | 3122029 toady
toady's picture

That's not how this works. These old folks with good jobs are the last remainders of 'good job America' when companies offered pensions, full medical and dental, and overtime. Believe it or not, there are still a few left.

But all new employees get none of that. They are 'independent contractors'.

Fri, 01/04/2013 - 12:16 | 3122261 Vendetta
Vendetta's picture

I see that truth every single day.  Thanks globalization, Milton Friedman is smiling in neoliberal heaven on all his proteges.

Fri, 01/04/2013 - 11:35 | 3122061 yabyum
yabyum's picture

Double damn, I HAVE been a statistic for five years!

Fri, 01/04/2013 - 10:53 | 3121865 FubarNation
FubarNation's picture

And the Boomers keep on screwing and screwing and screwing.


When they are in depends I hope they don't expect everyone to keep wiping their asses.

Fri, 01/04/2013 - 11:06 | 3121935 Azannoth
Azannoth's picture

Typical Boomer

Fri, 01/04/2013 - 11:07 | 3121942 Freddie
Freddie's picture

Look you wouldn't be cool if it wasn't for Boomers.  They went to Woodstock, dropped acid and love dope.   They protested against (LBJ's) Viernam and then Kerry and his clan got rich off of those dead boys like LBJ did.

Boomers are the smartestest and the bestestest generations there ever was or ever will be in the whole universe and stuff.  The Boomers and the libtard media have told us that Boomers are the best for 45+ years!  

F TV and F Hollywood.  You watch their shit then you enable The Matrix.

Fri, 01/04/2013 - 11:25 | 3122018 Omen IV
Omen IV's picture

be advised - we exist to fuck the system and we have done a great job since 1969!

Fri, 01/04/2013 - 11:36 | 3122064 pods
pods's picture

Freddy, you might want to avoid using a Hollywood reference when you disparage Hollywood.

Unless you are going for that irony.


Fri, 01/04/2013 - 11:40 | 3122091 Dr. Engali
Dr. Engali's picture

+1 good catch.

Fri, 01/04/2013 - 12:42 | 3122396 Freddie
Freddie's picture

I think The Matrix was satire or an inside joke on the viewer.  Hey we are The ****king Matrix you jerks.  Too deep for me. I go to a movie about once every 10 years.  The people at movies are total retards.

But seriously I really love all those hippie Boomers.  

Sitting around in dirty tie dye shirts, pony tails and diapers listening to The Dead and The Doors while dropping acid, Metamucil, Viagra and Lipitor.  Trying to remember who Timothy Leary was and why they hated Nixon. 

F them old hippies and Hollywood.   

Fri, 01/04/2013 - 16:43 | 3123657 RonJon715
RonJon715's picture

That's blasphemy.  Jim Morrison was an American cultural icon.  That dude gained more weight in his 20's than most boomers could even dream of gaining well into their 50's...and before it was "cool."

Fri, 01/04/2013 - 11:28 | 3122038 Svener
Svener's picture

Ok I'm a boomer. I started out in the work force under the old economy; you know the one where you didn't need an degree to get a decent job. Got a job but we didn't have 401k back then;only pensions. Time moves on and the economy changes. I lose my job. I get my degree and another job. This time it is a 401k. Of course always saving a bit outside the 401k because I don't know what is going to change next. Now I am two years out from retirement. The pension sends me a letter in 2011 they are not funding the pension this year. Then in 2012 another letter from the pension fund that it will be funded by AT&T wireless stock. The 401k has taken a hit but recovered most of what was lost. Explain to me again how I am screwing anyone? Worked all my life, saved all my life and I'm the one screwing every one? Oh please!

Fri, 01/04/2013 - 11:40 | 3122087 chubbar
chubbar's picture

Don't confuse the conversation with facts. These folks need someone to blame, help them out a bit.

Fri, 01/04/2013 - 11:40 | 3122090 pods
pods's picture

Age warfare is the one accepted false paradigm here on ZH.  
Basically every other generation sucks but your own.  Kind of like Congress. They suck as a group, but MY congressman does a good job.

Just another divide and conquer ploy, and as illustrated here, a pretty effective one.

In reality, it is the system that is the enemy, and we all are playing our part.

Just sucks more for those near the end of the Ponzi.

It is still all our faults though.


Fri, 01/04/2013 - 12:24 | 3122300 Vendetta
Vendetta's picture

The vast majority of baby boomers have not benefitted from the status quo (or what evolved into the status quo from political bribery thru the lobby industry).   Younger people do not understand that but are understandably angry.  Globalization, outsourcing, legal bribery in the form of jobs for govt workers (or politicians) who go 'to the private sector 'cus they hate the govt' after turning a blind eye to some company that needed that blind eye who happens to hire them when they leave.  50,000 factories gone in a decade ... root cause is simple to understand when bias from propaganda is ignored.

Fri, 01/04/2013 - 12:44 | 3122403 Freddie
Freddie's picture

Don't worry - Obama will take your 401-K and guns and give them to a MORE deserving illegal.

Fri, 01/04/2013 - 10:53 | 3121867 ShorTed
ShorTed's picture

Dear Mom & Dad,

Based on the above charts I plan on being able to move out of the basement in 23 years.



Your Child

Fri, 01/04/2013 - 10:55 | 3121876 DaveyJones
DaveyJones's picture

Ps. who broke my amp?

Fri, 01/04/2013 - 10:59 | 3121902 GubbermintWorker
GubbermintWorker's picture

Dear child,


That is quite all right but remember, we don't have a basement so please watch your head when you get up in the morning. The crawl space is rather short.

Fri, 01/04/2013 - 11:04 | 3121924 fonzannoon
fonzannoon's picture

By the time the boomers drop robots will make sure they won't need to be replaced. Get comfy in that basement.

Fri, 01/04/2013 - 12:16 | 3122260 ZeroAvatar
ZeroAvatar's picture

Actually, just BEFORE the boomers drop, robots will be able to download the boomer's brain and will look JUST LIKE the boomer:


The boomers will 'rehypothecate' themselves.....bright future, eh kids?



Fri, 01/04/2013 - 10:59 | 3121870 Sudden Debt
Sudden Debt's picture



AND BRING ME MY BEER! Here's a dollar...


Fri, 01/04/2013 - 11:49 | 3122131 hooligan2009
hooligan2009's picture

heh...you are a bad man

Fri, 01/04/2013 - 12:04 | 3122195 toady
toady's picture


That's what I'll think to my self when I walk past the Walmart greeter from now on!

Fri, 01/04/2013 - 10:54 | 3121871 otto skorzeny
otto skorzeny's picture

I predict a job boom for the young uns in 20 years when the boomers just start falling over and dying at their jobs-tag 'em and bag 'em bitchez

Fri, 01/04/2013 - 12:35 | 3122358 Vendetta
Vendetta's picture

I predict a job boom for young people when the next world war begins, student debt forgiveness for volunteering.  Not what I want to see, I prefer 'Made In China' to be 'Made in USA'

Fri, 01/04/2013 - 11:00 | 3121900 BlueStreet
BlueStreet's picture

No need to worry, the wheelbarrow industry is going to take off any day now and will provide millions of jobs. 

Fri, 01/04/2013 - 11:03 | 3121915 davinci7_gis
davinci7_gis's picture

No, the youth are going to be cannon fodder for the next big WAR!

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