Inspired by last week’s graph on Job Loss by Age, I created this 5 year comparison of the number of employed 16-17 year olds to number of workers above 75. There are two methods for measuring 16-17 year olds: not seasonally adjusted and seasonally adjusted which removes the effects of events like summer employment that follow a more or less regular pattern each year.
{Click on the image to take a closer look}
Data from Bureau of Labor Statistics
[tags]United States, Unemployment[/tags]
Previous post: Job Loss by Age: 2007-2008 (NYTimes)
Next post: Employment of 25-54 yrs vs 55 and over: 2004-2008
Visualizing Economics was created by Catherine Mulbrandon. Here you can view graphs and charts about the United States and world economies. I am available for freelance projects.
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{ 3 comments… read them below or add one }
It’s a nice comparison. Curious though how it will be adjusted in early 2009 with pensioners needing to go back to work given life-savings that have been wiped out. I wonder what the 16-17 yr old population has been doing over the past several years that they’re working less consistently. Is it because of the change in volunteering trends? I don’t think that’s the likely reason, but I’m curious.
It is also possible that the very young (unskilled and inexperienced) have the most trouble getting jobs when they become scarce. My next post looks at 24-54 vs 55 & over and the ratio between the two which has been decreasing, maybe due to aging baby boomers?
Hello. Great job. This is a great post. Thanks!