Demand for Older Workers

Croixstone Consulting only hires experience – and demand is rising in the marketplace for older professionals with deep experience. With the labor market at its tightest in two decades, companies are increasingly turning to older workers to meet their talent needs.

Last September, Forbes magazine published an article addressing this trend that benefits older workers with experience.  We found the following factoids to be especially interesting:

  • The unemployment rate for people 55 and older is now just 3.1%, less than the overall jobless rate of 3.9%.
  • Workers 55 and older are the fastest-growing segment of the U.S. labor force.
  • Job growth for people 55 and older is up 4.5%, according to ADP. That’s more than twice as high as the 1.7% job growth for workers overall.

Read the full article here.


2018 U.S. Emerging Jobs Report
Each year LinkedIn analyzes data from the previous five years to identify emerging jobs and the skills associated with them.  Some of the biggest takeaways in the recently released LinkedIn 2018 U.S. Emerging Jobs Report are as follows:
.
  • AI is here to stay (6 out of the 15 emerging jobs are related to AI in some way).
  • Basic business operational functions are on an upsurge.
  • Soft skills – oral communication, leadership and time management – account for the largest skills gap.
Read the full report to learn more about the top 15 emerging jobs, those jobs with the largest hiring growth and the skills with the biggest skill gaps.

The Gig Economy Goes Global

This past summer, Morgan Stanley published research on the growing global gig economy.  The study shared that the USA’s freelance workforce has grown three times faster than the overall workforce.  Freelancers today represent about 35% of the total U.S. working population, and Morgan Stanley shared that this number could represent more than 50% of the nation’s workforce by 2027.   Read a high-level overview of the study to learn more about the drivers behind today’s gig economy.


July 2018 Workforce Report

LinkedIn publishes a monthly analysis of employment trends in the USA workforce.  The report is divided into two sections:  a National section that provides insights into hiring, skills gaps, and migration trends across the country, and a City section that provides insights into localized employment trends in 20 of the largest USA metro areas.  In its newly-published July report, LinkedIn shared that Charlotte ranked among the top 10 cities in two different categories.  Learn more here.