"Older people are benefiting the most from the economic recovery, as they are snatching up a..."

“Older people are benefiting the most from the economic recovery, as they are snatching up a disproportionate share of the new jobs created, some economists say. Workers older than 55 have taken 58 percent of all new jobs in the past year, according to Dean Baker, codirector of the Center for Economic and Policy Research. Older workers are taking many of the new jobs in a variety of sectors because they have more job experience, Baker said. These workers are more attractive to employers because “they’ve got the work habits,” said Joseph Brusuelas, a senior economist at Bloomberg LP. “They’re used to showing up early, staying late; they know what’s required.” As a result, young people are losing out on the chance to develop these habits in the workplace.”

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