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.