Senate Deal on Jobless Benefits Won’t Bring Fast Relief for Unemployed

One of the hurdles blocking the extension of unemployment insurance benefits for about 2 million long-term unemployed workers has been eliminated. A small group of Republicans and Democrats in the Senate on March 13 reached an agreement that would extend benefits for another five months – gathering enough support to prevent a filibuster by opponents. The extension would be retroactive to Dec. 28, 2013, when benefits expired. Legislators who have been against extending benefits cite the cost, which runs about …

Extended Jobless Benefits Clear Hurdle in Senate

When it comes to unemployment, older Americans face a double whammy. Many face age discrimination. (About a third say that they – or someone they know – were recently discriminated against because of their age.) On top of that, employers also discriminate against job applicants who have been out of work the longest, according to Deborah Chalfie, AARP senior legislative representative for financial security. Of the unemployed, people 55 or older were out of work an average of 51 weeks, …

Jobless Rate Inches Up for Older Workers

The dog days of August brought a slowdown in summer hiring. Employers created a tepid 169,000 jobs last month, less than what economists expected, and the  unemployment rate for older workers inched up to 5.1 percent, the government reported Friday. Men aged 55 and older saw their jobless rate decline in August to 5.4 percent from 5.6 percent the month before. The situation was reversed for older women: the rate rose to 5.2 percent last month from 4.9 percent in July. Nationally, …

Improving Jobs Picture For Older Workers

Businesses did more hiring in July and that boded well for older workers. Some 162,000 jobs were created last month and the unemployment rate for people 55-plus dropped from 5.3 percent to 5 percent. Among older men, the rate inched up to 5.6 percent from 5.5 percent in June. The situation was much better  for older women. They saw their jobless rate fall to 4.9 percent in July from 5.4 percent a month ago, according to the Bureau of Labor …

Getting Back to Work at 50+ – Deborah’s Story

Deborah Salim, 62, had been living a quiet life in her mother’s home town of Conway, S.C., happy with her 15-year job in the record keeping office of the local community college and with the fact that four of her five children and their children were close by. Then came 2009, and for Deborah, like so many other 50-plus, the bottom dropped out of her world. She received a week’s notice from the college that budget cuts had eliminated her position. …

Steady Jobs Growth Eludes Older Workers

Older job seekers may feel like they’re scaling Mount Everest in pursuit of work. Employers added 157,000 jobs to their payrolls in January but the unemployment rate for older workers climbed just one-tenth of 1 percent to 6 percent, the government reported Friday. For men 55 and older, the jobless rate remained at 6.2 percent for the second straight month. But to illustrate the challenges they face in landing a job, consider their unemployment rate one year ago – it was …