Number Of Older Workers (55 And Over) Rises To New Record High

Tyler Durden's picture

In the latest installment of another long-running series, we look at the age bracket distribution of those who are lucky enough to get new jobs each month, versus those who aren't. It should come as no surprise that once more the majority of new jobs created in the month of May went to the oldest age-group cohort, those 55 and older, which saw an increase of 203,000 jobs in May, more than every other age group bracket. The result: with an all time high 31,488,000 workers aged 55-69, Americans are far more busy working in their older years than retiring (or gambling in the rigger stock market casino).

Which is why perhaps it is quite appropriate that the E-trades of the world use a baby as their mascot. Because with the bulk of jobs going to old people, those 55 and younger are getting the sloppy seconds of whatever the older generation doesn't want. Which isn't much. 

As the chart below shows, since the start of the Obama regime, 4.3 million jobs have been created for workers 55 and older. Everyone else? A loss of 2.5 million jobs.

In short: the gerontocratic, retirement-less recovery.