Monday, March 11, 2013

Michigan: Study Identifies Industries with More Older Workers

Jacob Bisel, a senior economic analyst at the Michigan Bureau of Labor Market Information and Strategic Initiatives, has released a report showing that, in just over a decade, the proportion of workers age 55 and older in Michigan grew from one in eight to nearly one in five, and identifying the industries with the highest concentration of older workers, and the most older workers, in the statte. Bisel states that "The growth in the number of older workers is more than just changing demographics, as uncertainty during the Great Recession caused many of Michigan’s older workers to prolong
retirement."

According to Michigan’s Aging Workforce: Identifying Industries with High Concentrations of Older Workers—2013 Update, the transit and ground passenger transportation sector had the single highest concentration of older workers in Michigan, with 36% of the industry is 55 or older, an increase of 1.5% since 2010. In terms of raw numbers, the education services subsector led, with 87,804 older workers (which comprise more than a quarter of the industry).

Sources: Michigan Bureau of Labor Market Information and Strategic Initiatives 2013 Update; Michigan Live "Rick Haglund: As older Michiganians retire, watch where the jobs will become available" (March 10, 2013)

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