Chart of the Day: Resident labour force continues to age

Over three in ten residents in the labour force are aged 50 and above.

The Manpower Research and Statistics Department of the Ministry of Manpower reported:

The resident labour force continued to age, as more post-war baby boomers moved into older age groups and a higher proportion of older residents were participating in the labour force than before.

Slightly over three in ten (31%) residents in the labour force in 2012 were aged 50 & over, up from two in ten (20%) in 2002.

In contrast, the proportion of resident labour force in the younger ages of 25 to 39 years decreased from 42% in 2002 to 34% in 2012, and those in their 40s from 28% to 25%.

Consequently, the median age of residents in the labour force increased over the decade from 39 to 42 years.