Description:
In this episode, I want to discuss with you what I am seeing in the 50+ job market. I was on an Encore Network call the other day and two of us were asked for our views of the 50+ job market. I want to discuss how I view the world in August of 2023 and take you through 4 examples of very recent success from members of the Career Pivot Membership community.
I am part of the Encore Network https://encorenetwork.org/ and I was asked to speak to what I was seeing. Another gentleman was asked to speak about broader economic data.
I know a lot of listeners of this podcast are career coaches, resume writers or provide other services in helping people with their careers. I want you to check out the Encore Network. The Encore Network is a coalition of leaders who champion the civic, social, and economic contributions of people 50+ by creating community, stimulating learning, and inspiring action to transform the encore stage of life.
Believe it or not, the economic numbers are pretty good. Yes, inflation has stretched a lot of you financially, but it is coming down. The big companies of the tech sector have been laying off but the tech sector is really a pretty small part of the overall economy.
I will tell you that the green energy sector is hiring. A lot of money has been flowing into that sector after the Inflation Reduction Act was passed.
The official unemployment for those 50-54 and 55+ is below 2.5 percent. I will link in the show notes the latest press release from Nifty50s.com with the data. Nifty50s is another member of the Encore Network.
I run the Career Pivot Community which has about 40 people currently participating with an average age of 60 and over the last six months I have seen a lot of success. I discussed some of the success these folks are having getting hired during the Encore Network discussion.
I want to highlight some of what I talked about.
These are folks who are mostly in their mid to late 50s. They are getting hired I want to take you briefly through their stories.
This episode is sponsored by Career Pivot. Check out the Career Pivot Community, and pick up my latest book, Repurpose Your Career: A Practical Guide for the 2nd Half of Life Third Edition.