Unemployment Falls to 6.7 Percent Due to Workers Leaving the Labor Force | Jobs Bytes

The mix of job gainers by age shows a somewhat different story than earlier in the downturn. While older workers had previously accounted for the bulk of employment growth, this has not been true in the last year. Teens and workers between the ages of 20-24 accounted for 35.6 percent of the employment growth in the last year, compared to 33.4 percent for workers over age 55. Workers between the ages of 45-54 fared worst, seeing a drop in employment of 284,000 over the year.There has also been a noticeable decline in part-time employment, both involuntary and voluntary. Over the last year, involuntary part-time employment fell by 73,000, while voluntary part-time employment fell by 105,000. This suggests that concerns about the ACA promoting part-time employment have not shown up in the data to date.

via Unemployment Falls to 6.7 Percent Due to Workers Leaving the Labor Force | Jobs Bytes.

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