Should today’s 70-year-old American be considered “old?” How do you define that term these days? Statistically, your average 70-year-old has just a 2% chance of dying within a year. The estimated upper limits of average life expectancy is now 97, and a rapidly growing number of 70-year-olds will live past age 100.
The U.S. unemployment rate has dipped below 5%, a recovery of jobs that nobody could have expected when we were in the teeth of the Great Recession. But the wealth of jobs is spread unevenly among U.S. states.
Headlines told us that the U.S. economy added 178,000 jobs in November, dropping the unemployment rate to 4.6%—the lowest level since August 2007, and surely an improvement over the 10% rates of the Great Recession. Those numbers represent great news, and indicate that the country is in strong shape as President-elect Trump takes office.
Every year, we celebrate a long labor day weekend, and mostly take for granted the remarkable economic engine that employs 125.89 million Americans.
Recently, Forbes magazine tweeted a number of Labor Day statistics that will probably surprise you.