People over 55 and teenagers gained all the jobs in September's report

Of the 248,000 jobs added by the U.S. economy in September, 230,000 were for people over 55. Employment for people between the ages of 20 and 54 fell on the month. The economy added 45,000 jobs for teenagers too.

October 6, 2014 at 4:47PM

I saw this here first, then ran the numbers to make sure they're right.

They are.

The U.S. economy added 248,000 jobs in September, according to the establishment survey released last week. The household survey numbers (which don't match up with the establishment survey and don't even add up perfectly within themselves) show that 230,000 new jobs were for people over 55. Employment for people between the ages of 20 and 54 fell on the month, by 82,000. The economy added 45,000 jobs for teenagers.

(The Minnesota Star Tribune)

These numbers come from the BLS, and they're real, but they do come with a caveat in addition to the fact that they don't add up to 248,000, which is that they're pretty noisy. They bounce around a lot every month for every age group.

Over the past 12 months, the economy has added 1.1 million jobs each for people over 55 and people 24 to 55. The 12-month trend isn't as dramatic as the September figure, but it still seems like a lot of jobs being added for people over 55.

(The Minnesota Star Tribune)
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