Jobs have wearied the aged worker

Encouraging employment figures out of the US are boosting confidence but they mask a deeper issue in the job market — older workers, both in the US and Australia, are giving the game away.

In our continual race calling of the economy, economists have access to a host of economic indicators, from the price of pork bellies to Bolivian sugar exports.

But I bet if you told most economists they could only pick one as a proxy for the health of economies, it would be the jobless rate.

In the end, it all comes down to jobs.

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