Bulletin TodayIn May, the Urban Institute reported that the number of eligible Americans taking early Social Security benefits had hit a 35-year low. But the recession and protracted high unemployment have left some older adults—such as 62-year-old Clare Keany—forced to take benefits earlier than planned.
Bulletin TodayA new Government Accountability Office report says 55 percent of jobless older adults—or 1.1 million Americans 55 and older—have been unemployed for more than six months, up from 23 percent just four years ago. The report was addressed to the Senate Special Committee on Aging, which begins a hearing on older adults and unemployment issues today. Led by Sen. Herb Kohl, the Committee will investigate age discrimination in the workforce and ways to boost older workers’ job prospects.
Bulletin Today | WorkApril was another disappointing month for older workers: the unemployment rate for people 55-plus rose one-tenth of 1 percent to 6.3 percent, the government reported Friday. In fact, it was the third straight month that joblessness rose for older workers, from 5.9 percent in February and 6.2 percent in March. The situation for older men remained the same—the rate hovered at 6.3 percent in April, same as in March. But that was a big jump from 5.7 percent in February. …