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Report Number LED/OW-PA
Nick Carroll and Cynthia Taeuber
Component ID: #ti1576325461

Executive Summary

A new information source, the Local Employment Dynamics (LED) program for Pennsylvania, shows:

  • The workforce is aging. From 1998 through 2002, an increasing percentage of the workforce was 45 years and older. The proportion of people 65 years and older who continue working has also increased, but slightly.
  • Industries in which more than 1 in 5 workers were 55 years and older in 2002 include: local and suburban transit, apparel from fabrics, textile mill products, real estate, and educational services. Of these, textile mill products had relatively few workers.
  • An example of an industry with a high turnover rate for workers 55 years and older is the local and suburban transit industry.
  • An example of an industry with a low turnover rate for older workers is the transportation equipment industry.
  • Industries where workers 65 years and over are most likely to be employed include the service industries of health services, business services, and wholesale trade — durables. Food stores are also an important source of work for the oldest workers.
  • On average, in 2002, for workers 65 years and over, 11,324 jobs were gained and 15,551 were lost.
  • Of the industries that employed more than 500 workers 65 years and older, the highest paying were security and commodities brokers ($6,701 a month) and legal services ($4,204 a month).

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