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Methodology




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Employment Indicators

Weights*
Indicator
Methodology
Year
100 large
281 small
Percent of 65+ employed
Divided by corresponding U.S. value, ‡
Data sources: Census Bureau, Moody's Analytics, Milken Institute
2014 0.273 0.299
65+ unemployment rate

Data sources: Census Bureau, Moody's Analytics, Milken Institute
2014 0.217 0.237
Employment growth
Indexed growth of health, education, leisure, and hospitality, 2007-2012, divided by corresponding U.S. value, NAICS codes: 61, 62, 71, ‡
Data sources: Bureau of Labor Statistics, Moody's Analytics
2009; 2014 0.225 0.217
Output of service sector/manufacturing
Divided by corresponding U.S. value, ‡
Data sources: Bureau of Economic Analysis, Moody's Analytics
2015 0.285 0.247
* Figures may not add up to 1 due to rounding. † The lowest value is ranked highest. ‡ The highest value is ranked highest.

Older adults increasingly postpone or forego a traditional retirement, some embarking on encore careers. Such decisions could arise from financial necessity or a desire for purpose in life. In addition to financial benefits, work can have positive impacts on health, wellness, and community engagement. We separated the employment and education categories that were combined in the 2014 report to emphasize the importance of these factors on wellness and quality of life, and to expand on the opportunities such activities provide communities.

Older adults can provide wisdom and institutional knowledge to a workplace. The benefits of intergenerational relationships are widely accepted and are facilitated in locales that provide significant opportunity and employment for older adults. Additionally, regions that have high employment growth can accommodate a growing workforce of all ages. We measured specific industries for growth - health, education, leisure, and hospitality - due to their relevance to the lives of older adults.

Go to Living Arrangements Indicators