RT @fastfuture - Rohit Talwar - A Flood of Employment Opportunities on The Horizon
If you been around me much you know I am very interested in the challenges and opportunities facing the generations in the marketplace today.
Pay very close attention to the "points of interest" in the article and consider the professional opportunities that will be revealed in the very near future! The #millennials face a very high unemployment rate, so a flood of employment opportunities is exactly what they need!
RT @fastfuture - Rohit Talwar #Ageing #US: "The needs of the retiring baby boom generation will mean a flood of new #employment opportunities" - #CNBC. http://ht.ly/64cCo
Points of Interest:
"My guess is that there could be some 20 million new jobs when it's all said and done because of seniors," says Tim White, managing partner of executive search firm Kaye Bassman.
The Census Bureau says that an American turns 65 years old every 13 seconds and that some 10,000 boomers retire every day. (330 baby boomers turn 65 every hour and 30+ less gen-xers to back-fill the holes created when boomer leave the workplace)
It's estimated that 70 million people will be 65 or older by 2030—nearly doubling the 34 million today.
Ten out of the twenty most rapidly growing industries in the U.S. are in health care. (Great opportunities here Millennials)
"The financial industry is going to see more jobs with seniors thinking about retirement," says White
Technology can also be included on the list, according to Jean Coppola, a professor at Pace University's Seidenberg School of Computer Science.
Real estate should see some benefits, too, as the senior housing industry is projected to at least double from 50,000 communities to 100,000 by 2050— while providing a fairly good income for employees.
Even the legal profession will see a boost, says Rahul Yodh, an executive recruiter specializing in attorney placement.
"There's a demand for attorneys not only because of the aging population but also because they never had as much access to the resources they do now," Yodh explains. "They realize they need sophisticated help for their finances. This trend could go on for years."
Of course, the fact that many seniors are leaving the workforce will create even more job openings, says Tim White.
Senior citizens will account for 20 percent of the U.S. population by 2030. This demographic explosion may wind up helping a struggling economy catch its breath.
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