America’s workforce is aging. According to AARP, nearly half of new jobs in the U.S. last year were filled by workers 55 years or older. Due largely to ongoing labor shortages, this disproportionately small demographic accounted for more than 1.4 million of the 2.9 million new jobs in 2018, many of them in the fast-growing sector of warehousing and distribution centers.
A new study by the National Council on Compensation Insurance (NCCI) to determine if demographic changes are behind the continuing decline in workers compensation (WC) claims has yielded some surprising results. Among them: that the aging of the U.S. workforce is not a factor. According to NCCI, WC claims have fallen by nearly one-third in the last ten years, part of a trend that’s been going on for more than two decades. At the same time, the number of workers who are at least 55 years old has doubled since 2000.
Older workers (those ages 55 and older) bring extensive skills, knowledge, and experience built over the course of a lifespan. However, age-related physical and mental changes may affect older workers’ driving. While such changes are normal, they also put older drivers at a greater risk of dying if they are in a motor vehicle crash.
The aging of the U.S. population has led to a number of changes in the workforce, particularly a movement of the worker distribution toward older ages2, 4. By 2022, about one-third (31.9%) of Americans aged 65 to 74 years will still be working (Toosi 2013). The impact of a longer working life can be significant in both positive and negative ways.
Are you prepared to address the needs of an aging workforce? An educational session Tuesday focused on how to create a focused strategy to promote healthy aging in your workforce.
The experts, Peggy Ross and Teresa Jeka, both of Baxter Healthcare, explored physiological changes associated with aging; dispelled myths based on new research; and distinguished between modifiable vs. non-modifiable changes.
The Federal Highway Administration (FHWA) published new data today showing a record-high 221.7 million licensed drivers in the U.S. in 2016, including 41.7 million – or almost one in five – who are 65 years or older. This age group is growing faster than any other, and is far outpacing their teenage counterparts.
The largest single-year percentage increase in licensed drivers that year was among those who are between 75-79 years old, increasing by 4.98 percent over the previous year. Except for five states – Michigan, Oklahoma, South Dakota, West Virginia and Wyoming – the nation saw increases among licensed drivers in 2016 compared to the previous year.
One of the “hot topics” highlighted at NSC this year is multigenerational workforces. A panel discussion Monday discussed the fact that many employers are seeing three different generations working together (potentially baby boomers, Generation X and Millennials).
September 25th to the 29th is National Employ Older Workers Week! The U.S. workforce is aging. The share of the labor force made up of people 55 years and older has increased from 12 percent in 1994 to 22 percent in 2014, and it is projected to reach approximately 25 percent in 2024.