Old Workers Hit New Record High As Jobs For Key 25-54 Age Group Slide By 142K

Another month, another case where the primary age group of the US work force, those aged 25-54, gets shafted.

According to the BLS' household survey [3], while overall July jobs rose, if modestly less than the 209K revealed by the establishment survey, there was no joy for those aged 25-54: historically the most important and highest earning age group (in case anyone is wondering where all that missing average hourly earnings growth is) within the US labor force. As the chart below shows, while all other age groups posted a jobs uptick, it was those 25-54 that saw a 142K jobs decline in the past month.

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