Journal Article

Baby-boom retirements and emerging labor market pressures


Abstract: As the baby-boom generation begins to retire, employers in upstate New York will be confronted with the dual pressures of replacing these workers and filling new jobs created in growing segments of the economy. An analysis of projected hiring rates in the region suggests that although there will be demand for workers in all occupations, employers may face a particular challenge filling positions in growing services occupations with relatively high retirement rates, such as health care, community and social services, and education.

Keywords: Regional economics; Labor market - New York (State); Retirement; Federal Reserve District, 2nd; Employment - New York (State);

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Upstate New York Regional Review

Publication Date: 2006

Volume: 1

Issue: 1

Pages: 1-7