20% of the U.S. workforce will be age 55 or older by 2012, up from 14% in 2002

Experts predict shortage of workers with specific skills and talent as 77 million baby boomers reach retirement age and the number of seasoned professionals to replace them falls short. An estimated 20% of the U.S. workforce will be age 55 or older by 2012, up from 14% in 2002 (BusinessWeek report). 
  • An expected 90% of civilian senior executives in the federal government (and 60% overall) will be eligible to retire in the next decade. 
  • The Education Dept. estimates that there will be a shortfall of 200,000 teachers nationwide by 2014.
  • In a recent survey conducted by AARP, 32 of the 50 best employers for workers over 50 were in the health-care industry. 200,000 nursing jobs are projected to be open by 2010.
  • From 1980 to 2000 the total number of science and engineering degrees earned grew at an annual rate of 1.4%, far below the 4.2% growth of science and engineering jobs, according to Science & Engineering Indicators 2006, a report from the National Science Board. Additionally, nearly 30% of all science and engineering degree holders currently in the labor force are age 50 or older.

Monster.com, the largest job site, has a database of 52 million résumés and listings for openings at more than 200,000 companies. Eons.com started by the founder of Monster, and a MySpace for baby boomers, has a database of 77 million obituaries. Legacy.com, which partners with hundreds of papers like The New York Times to provide online, family-authored obituaries, claims 4,500 postings a day and 6 million unique visitors a month.

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