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Wouldn't you think it would be interesting to the analysis that prior to the Great Recession point, the LIUR growth rate for 55-61 segment was notably higher th
by jcims 7y ago
Wouldn't you think it would be interesting to the analysis that prior to the Great Recession point, the LIUR growth rate for 55-61 segment was notably higher than any other segment on the chart? And that in the post-recession era the absolute recovery is on par with the rest?
At least they provided the raw data to make merging all four sets together quite simple:
https://imgur.com/a/Quw4tFg https://imgur.com/a/Quw4tFg
Anecdote time...my mom is 68, has a high school education and was able to land five different jobs over the past five years. She's picky, so she ends up quitting them, but after 15 years running the office for a wholesale seed distributor she ran a small store, ran a restaurant, was a picker in a pharmaceutical fulfillment shop, etc etc in a relatively depressed town in Ohio. They were just supplemental income $12-18/hr, but jobs are out there for women in this bracket if they want them. She decided she didn't want them and retired two years ago. Now she farts around the house and agitates my step dad.
Edit: The question really should be why was that segment on fire for the previous years. BLS chart for a longer time scale:
https://www.ssa.gov/policy/docs/ssb/v72n1/v72n1p1-chart01.gif https://www.ssa.gov/policy/docs/ssb/v72n1/v72n1p1-chart01.gi...
- Majromax 7y ago> Edit: The question really should be why was that segment on fire for the previous years. BLS chart for a longer time scale: Wouldn't the leading order effect be the time-lag of the increase in employment for 25-54yo women? In the year 2000, the employment rate for the 55-64 group matched the 1970 employment rate for the 25-54 group.
- jcims 7y agoYeah it’s like there’s a generation or two of ass-kicking women working their way through the brackets. They started hitting the low one on the 70’s and filtering into the 55-61 bracket in the mid 90's. Maybe they just aged out around the time of the recession.
- aidenn0 7y agoThanks for that combined graph; the different Y-axis scales made the 55-61 growth look exaggerated.