“Hiring Grandparents Only”: 230K September Were Added In 55-69 Age Group; 10K Lost In Prime, 25-54 Group
by Tyler Durden
ZeroHedge.com
10/03/2014
The further one digs into today’s “blockbuster” jobs report, the uglier it gets. Because it is not only the participation rate collapse, the slide in average earnings, but, topping it all off, we just learned that the future of the US workforce is bleak. In fact, with the age of the median employed male now in their mid-40’s, the US workforce has never been older. Case in point: the September data confimed that the whopping surge in jobs… was thanks to your “grandparents” those in the 55-69 age group, which comprised the vast majority of the job additions in the month, at a whopping 230K.This was the biggest monthly jobs increase in the 55 and over age group since February! What about the prime worker demographic, those aged 25-54 and whose work output is supposed to propel the US economy forward? They lost 10,000 jobs.
The Rest…HERE
