“The current recession is a little different in that the older groups have also been affected, just not as much as the younger groups.” Which industries have been most affected? “All in all, it appears ‘normal’ that the 16- to 19-year-old age group is hit hardest by recessions and that the oldest workers are largely unaffected, at least in terms of employment,” the post said. (See graphs for the 2007-09 recession, the 2001 recession and the 1990-91 recession.) In some previous cases, those 55 years and older and/or those 45 to 54 years old even saw employment gains. The youngest group saw the largest decline in employment in each of the three previous recessions, as discussed in the post. “Or have they always been first to be let go?” “Are the young taking one for the team just for this recession?” the post asked. The declines in employment for the older age groups were still sizeable, but much smaller than those of the two youngest groups, the post noted.
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