Fewer Jobs Added in May, but Labor Force Participation Rate of Those Ages 55+ Holds Steady

  Employment overview   The U.S. economy added 138,000 jobs in May, according to the Bureau of Labor Statistics’ newest Employment Situation Report. This was lower than the average monthly gain of 181,000 over the prior 12 months and April’s gain of 174,000 jobs (revised down from 211,000). The unemployment rate in May was 4.3 percent and the number of unemployed persons was 6.9 million. By comparison, the unemployment rate for people age 55 and above was 3.1 percent, with …

Labor Force Participation Rate for People Age 55+ Edges Up in March

  Employment overview for those age 55+   The monthly Employment Situation Report from the Bureau of Labor Statistics (BLS) shows the economy added 98,000 jobs in March 2017 — an unexpectedly smaller increase from the first two months of the year. The number of persons age 55-plus who are employed increased slightly from February. Meanwhile, the unemployment rate for those age 55 and older remained unchanged, at 3.4 percent and approximately 1.2 million unemployed. The percentage of the 55-plus …

Job Numbers Rise but Labor Force Participation of Those Ages 55+ Holds Steady

  Employment overview for those ages 55+ The monthly Employment Situation Report from the Bureau of Labor Statistics (BLS) shows the economy added 235,000 jobs in February 2017. While the number of those ages 55-plus who are employed rose slightly in February, this age group’s labor force participation rate (i.e., the percentage of the population that is either working or actively seeking work) held steady at 39.9 percent. The labor force participation rate of persons ages 55 and older has …

Economy Adds Jobs in January

Employment Overview January 2017 saw job gains of 227,000, up from 157,000 in December. Leading industries for job growth were retail trade, construction and financial. In addition, average hourly earnings by employees on private payrolls increased by 3 cents an hour to $26. The monthly Employment Situation Report from the Bureau of Labor Statistics gives a broad picture of the current state of the job market. Despite job gains, the unemployment rate ticked up to 4.8 percent. The number of …

Job Scams: Tip-Offs to Rip-Offs

Looking for a job? Whether full time or seasonal — retailers expect to hire up to 690,000 workers for the holiday shopping season — here are the tip-offs to employment opportunity rip-offs. You have to pay. Along with classic cons such as requiring applicants to pay up front for supposed background or credit checks, drug testing or other due diligence (typically handled by employers), newer job scams include asking for money (again, before you start working) for equipment, certifications, training …

Looking for Work? Attend AARP’s Virtual Career Fair!

Are you seeking a career change or a new job? If so, plan to attend AARP’s Virtual Career Fair, Sept. 20 from 11 a.m. to 4 p.m. ET. The fair will feature employers from across the country. This live event is a great way to reignite your career, search for a new opportunity, meet potential employers, get job search advice and connect with other job seekers. You can access all of this from the comfort of your home through your computer. …