Idaho may not be home to hurricanes, but it has certainly experienced a “silver tsunami” – the rapid shift toward an older workforce.
While the state population grew 20 percent between the 2000 and 2010, employment levels for workers age 45 and older grew 34 percent.
Idaho’s labor force has experienced a significant structural change over an extended period – a demographic shift adding nearly 140,000 workers age 45 and older between 1991 and 2012. The population of workers age 25 to 44 increased by only 50,470.
Worker migration data is also uncovering the tsunami’s existence. Interstate unemployment claims in January 2013 revealed nearly 800 claims were made by workers age 65 and older – more claims than all other age groups combined. These interstate claims reflect the number of claims made by individuals who now reside in Idaho but are claiming unemployment benefits for jobs lost in other states.