by Alivia Metts, Regional Labor Economist, Northern Idaho
Idaho’s youngest workers – those age 14 to 18 years old – bore the brunt of the downturn while Idaho’s older workers appeared to hold their own according to statistics from the U.S. Census Bureau.
Workers age 55 and older started retiring at a faster pace through the recession. From 2007 to 2010, more firms lost workers in that age group than in any other.
By every indicator, Idaho’s oldest and youngest workers were more affected by the recession than any other age group. Teenagers in Idaho lost 35 percent of their jobs while the oldest workers managed to find more employment opportunities even as hiring overall slowed dramatically. Continue reading