What does this measure?
The change, expressed as a percentage, of the number of people in selected age groups within the resident working–age population.
Why is this important?
The age distribution of the population can serve as an indicator of the underlying vitality of the economy. Dynamic, expanding economies are able to attract and retain younger workers. Moreover, an economy that relies heavily on an older workforce risks losing critical skills due to retirement.
How are Cayuga and Seneca counties performing?
The oldest portion of the working–age population is growing the fastest in Cayuga and Seneca counties, similar to the state (excluding New York City) and the nation. The number of residents ages 45 to 64 grew 28% in Cayuga and 30% in Seneca, while the population of 25–to 44–year–olds fell 19% in Cayuga and 10% in Seneca. Residents between 15 and 24 fell 3% in Cayuga but grew 22% in Seneca, about double the rate of growth in the state and nation. Trends were generally similar in the comparison counties, though Cayuga was the only one of the counties to see a decline in residents 15 to 24 years old.
Notes about the data
Because people age into and out of these groups, this indicator should not be interpreted to necessarily mean that 25– to 44–year–olds, or any other group, are moving out of the region.