Unemployment inches up as job growth slows
I’m excited to share the current Experian Commercial Pulse Report with you. I have the opportunity each week to analyze data on the millions of U.S. small businesses in Experian’s database and discover actionable insights that benefit our clients. Making these discoveries is rewarding work, and we utilize these insights to guide our recommendations. I thought I would share what I am watching through Experian’s bi-weekly Commercial Pulse Report (just bookmark the link; we will update it on a bi-weekly basis).
What I am watching:
- The U.S. population and labor force are experiencing a major transformation
- Aging Baby Boomers are changing the U.S. labor market.
- The only age group whose labor force participation rate is projected to rise are people 75 and older.
- Birth rates declined 50% since 1950.
- The median employment age is expected to grow from 39.9 in 2002 to 42.8 years old in 2032.
That’s a quick take – Download the latest report.
