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LVEDC Talent Supply: Age Distribution in the Workforce

By Colin McEvoy on September 18, 2018

LVEDC Director of Talent Supply Karianne Gelinas

LVEDC Director of Talent Supply Karianne Gelinas

Each week, Karianne Gelinas, Director of Talent Supply with the Lehigh Valley Economic Development Corporation (LVEDC), will provide an update or additional information from its ongoing initiative to identify talent supply and demand issues in the region and create a strategy that results in a broader, ongoing understanding of the Lehigh Valley workforce. (See past updates.)

The Lehigh Valley, like many other metropolitan areas, is facing an aging population. It is commonly known and often discussed that the “baby boomer” generation retiring from the workforce causes concern about worker shortages.

Looking towards the next 10 years, the Lehigh Valley has a potential incoming workforce of 80,673 people and an outgoing one of 90,665 people. Therefore, if all measures stay equal, the region could face a net deficit of nearly 10,000 workers.

Still, many things are yet-to-be seen over the next 10 years including migration, disruptive technology, automation, and geopolitical shifts, among others.

Maximizing the pertinent skills and experiences of our workforce and increasing the alignment of between our educational institutions’ preparation and employers’ demands increases our regional competitiveness in the future.

Click here to read more about LVEDC’s ongoing talent supply initiative. Click here to see previous talent supply initiative updates.

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Lehigh ValleyQuick Facts

By the Numbers
$43.3 Billion

2020 Gross Domestic Product

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City Center Lehigh Valley
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10.6% of Labor Force
Employed in Manufacturing

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Lehigh Valley Health Network
By the Numbers
$3.8 Billion

Exports in 2019

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Air Products
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Lehigh Valley Electricians
By the Numbers
$66,865

Median Household Income

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PPL Electric Utilities
By the Numbers
676,700

Population

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Olympus
By the Numbers
347,612

Labor Force

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26.6% of Labor Force
Employed in "Eds & Meds" sectors

By the Numbers
5,073

Technology Patents

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Mack Trucks
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UGI
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Magestic Realty Co
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NFI
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14% of the total community college degrees awarded in PA

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Wells Fargo
By the Numbers
$7.1 Billion

Manufacturing Contribution to GDP

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Truist
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69th largest metropolitan area in the U.S. by population

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Key Bank
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10,754 degrees awarded by Lehigh Valley colleges (2017-18 academic year)

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St. Lukes University Health Network
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82,270 employed in "Eds & Meds" sectors

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Workforce Board
By the Numbers
149,000

Population between ages 18 and 34

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FirstEnergy