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Senior employment rates have steadily climbed, Mikal Skuterud notes
Mikal Skuterud highlights that employment rates among seniors have been increasing steadily and do not appear to have an upper limit.
He points out that, against a backdrop of stagnant real GDP per capita, further increases in senior employment could significantly raise output per capita without the need for a major productivity breakthrough.
Skuterud previously noted that slow real GDP per capita growth points to deeper economic issues that are not limited to immigration policy. He has also observed that Canada's unemployment rate has held steady near 7 percent for nearly two years. His recent comments on senior employment rates add another dimension to ongoing debates over labor market trends.
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