Today is: Friday, January 19, 2018      |     Our next publication day: Monday, January 22, 2018

Older Workers Account for All Net Job Growth Since 2000

by William Emmons, Federal Reserve Bank of St. Louis
 

Trends Older Workers Need to Watch for in 2018

by Eric Titner, USA Today
 

Job Hunting? Don't Make This One Mistake
Hint: It's got nothing to do with your resume

by Maurie Backman, Motley Fool

"Things are moving fast."

More help for the 50+ job seeker:

Attention Baby Boomers — not all trends are created equal.

    Each year, we see a variety of new workplace trends take hold, which often vary by industry, geography, and even individual demographics. One of these factors is age — simply put, there are trends in the job world that affect older individuals differently, based on their level of experience, personal needs, comfort level in a rapidly changing work environment, and longevity in the job market.

    Older workers — specifically Baby Boomers (individuals born between 1946 and 1964) — face some unique issues and challenges in the work world. This aging population possesses a wealth of work experience, knowledge and expertise, but is growing older in a workplace that increasingly prizes youth and vitality, and many are approaching the age where retirement is a consideration.
 

“Prime-age workers” are those between 25 and 54.1 Numbering almost 100 million in December 2017, this age group is both the largest and most productive set of workers.2

    Yet, all of the net increase in employment since 2000—about 17 million jobs—has been among workers aged 55 and older, as seen in the figure below. Some economists fear that our aging workforce may be holding back economic growth.

Looking for a new job can easily become a full-time job itself. Between tweaking your resume, writing cover letters, and going on interviews, you're apt to sink a ton of time and mental energy into the process -- so that when you find yourself actually getting an offer, your first inclination might be to jump for joy and say yes.

    Don't do it.

One of the top executives at a large regional recruiting firm commented earlier this week on today’s job market. 

    He stated that after November, 2017 – “our biggest search month ever” – they expected the usual December slow down. That slow down didn’t happen and that momentum has continued into January and they expect it to continue for at least several more months.

    “This is a very active market,” he stated.

    In addition, CNN reports that – at 4.1 percent – the unemployment rate is the lowest since 2000. And jobless claims have reached their lowest level since 1973.  The Labor Department says that the country has added jobs for 86 consecutive months – the longest streak since 1939.
 

These 10 LinkedIn Tips Will Make You a Networking Master

by Nina Zipkin at entrepreneur.com

One of the central rules of networking seems simple but bears repeating: don’t reach out only when you need something. It’s imperative that you cultivate relationships and engage with people, so when the time does come that you’re looking for that recommendation or connection, it won’t be an awkward stretch to make the ask.

    Even better, you can help others. If you meet people at conferences or other events, following the exchange of business cards and the invitations to join LinkedIn networks, how can you make the most of the platform to really make an impact where it counts? Read on for 10 strategies to become a networking master.
 

How to Find Work When You Are over 50
Make the Most of Your Maturity And Experience to Find the Right Job

by Jackie Sherman

This book will help if you want to: find work but feel your age may be a limiting factor; and concentrate your job-hunting efforts in areas that genuinely welcome older people. Use it to: present your past experience in the best light; find places that advertise jobs specifically to older people; learn how to use modern technology to apply on-line or send off your details electronically; answer difficult questions on application forms or during interviews; prepare for telephone interviews; layout your letters and CVs most effectively; discover what changes are taking place to pension law and to age discrimination legislation; and identify a range of alternatives to conventional employment including running your own business or voluntary work.

Advice for job seekers over 50

More job search assistance can be found in the Nifty50s library.

Your workbook is free when you subscribe to the Nifty50s.

 

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