Labor & Employment Law

Employment Booming for Older Workers

By Michael Fitzgibbon

Older workers, particularly women, experienced strong employment growth in August, bringing total gains for the 55 and over age group to 4.6% since the start of the year so says the September 7, 2007 issue of The Daily:

"In August, almost all of the employment growth for adult men and women came from those aged 55 and over.  An estimated 34,000 older workers found employment in August. Since the beginning of this year, employment among the 55 and over age group has increased by 4.6%, the fastest pace of all age groups, with stronger growth for women (+5.5%) than men (+3.9%). The August employment rate for older men was its highest since 1985; the rate for older women was near the all-time high set in April of this year.

The increase in employment in August was largely driven by full-time growth for adult men (+22,000) and part-time gains for adult women (+30,000). The employment rate for adult women reached 59.0%, just shy of the record high set in April 2007."

Statistics Canada also released Perspectives on Labour and Income that reviews in significant detail the participation of older workers.

Full post as published by Thoughts from a Management Lawyer on September 11, 2007 (boomark / email).