Study Finds Some Older Unemployed Workers Happier Once They Call It Quits

Some long-term unemployed older workers who give up the job search and retire, it turns out, are happier once they finally call it quits. Researchers followed older discouraged workers in Germany for 15 years and found that an early retirement was the best course of action for most unemployed adults, in part because they felt better about themselves when they say they’re retired rather than unemployed, according to a  Time magazine report. It must be noted that many older adults …

Economists: More older workers retired in April

Yesterday I wrote about droves of older Americans who’d checked out of the workforce in April, perhaps because some were unemployed for a long time and had given up looking in a weak jobs market. But a few economists who’ve been studying the labor force see a more positive trend: they believe many of these people just plain retired. Economist Mark Zandi, in a USA Today report, says more employed workers than unemployed dropped out of the labor force last month. …

Disproportionate Number Of Older Workers Lost Jobs

Fed up with the lack of hiring or just plain unlucky, a disproportionate number of older Americans either lost a job or checked out of the workforce in April. That’s the grim conclusion you reach when you parse through the federal government’s April jobs report, released last week. Workers age 55-plus account for only about one-fifth of the labor force. Yet last month they lost almost as many jobs (102,000) as workers ages 25 to 54 (139,000). To add to …