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America Counts: Stories Behind the Numbers
U.S. Workforce is Aging, Especially in Some Firms
Workers ages 55 or older have been the fastest-growing age group in the labor force for more than two decades and made up 24% of the U.S. workforce in 2022, up from 10% in 1994.
But not every workplace reflects this aging workforce.
New U.S. Census Bureau research shows that firms in some industries and some states had a much greater concentration of older workers than others.
In the Utilities sector, for example, the share of employment at firms with at least a quarter of their workers over age 55 rose from 35% in 2006 to 80% in 2022. In contrast, only about 10% of total employment in the Accommodations and Food Services sector was at firms with at least a quarter of workers over age 55.
Continue reading to learn more about:
- The distribution of older workers across firms over time
- The aging of firm workforces by state
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