Employment Status of Adults Ages 55 to 64, by Educational Attainment
Employment status among adults ages 55 to 64 followed a slightly different pattern than among younger adults. While the majority of all employed adults were employed full time, this share was lower than in the younger age brackets. The unemployment rate of adults whose highest level of education was a high school credential (5.5 percent) was higher than that of adults whose highest degree was a bachelor’s degree (4.2 percent). Those whose highest level of education was a high school credential were not in the labor force (40.3 percent), compared with 27.5 percent of adults whose highest degree was a bachelor’s degree.
U.S. Census Bureau, American Community Survey, 2016 5-Year Estimates (2012–16)
These data include all individuals, including those in the military, incarcerated, or enrolled in school. Those in the military are counted as employed. Those incarcerated are counted as not in the work force. Those enrolled in school are counted the same way as individuals who are not enrolled.
Employed includes individuals employed either full or part time. Individuals working at least 35 hours per week are categorized as having full-time employment.
The unemployment rate is the share of people in the labor force who are not employed. People without jobs who are not actively seeking employment—who are not in the labor force—do not affect this measure.
Individuals not in the labor force include a host of categories, including students, retired workers, and stay-at-home parents.