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.
File(s): File format is application/pdf https://www.newyorkfed.org/medialibrary/media/research/regional_economy/reg_rev1-1.pdf
Provider: Federal Reserve Bank of New York
Part of Series: Upstate New York Regional Review
Publication Date: 2006