Unemployment of Workers Ages 55+ Edges Up in June Despite Strong Jobs Growth

Employment overview The economy added 222,000 jobs last month, up from 152,000 (revised) in May according to the June Employment Situation Report from the Bureau of Labor Statistics.  Though the number of jobs increased, more people, such as previously discouraged workers or new graduates, joined the labor force, edging the unemployment rate up slightly to 4.4. percent.  Meanwhile, the unemployment rate for those ages 55 and older was 3.2 percent with 1.2 million of the 55+ unemployed.  The labor force …

Reasons for Optimism Among Older Workers

For those of us who suspect we’ll have to work years longer than our parents did because we’ll need the income, there is good news. Employers seem to be steadily recognizing the value of older workers as people 65 and older continue to make impressive strides in the workforce. Whether it’s out of economic necessity, the desire to remain productive or for some other reason, people 65-plus now account for almost one in five of all workers, according to the latest …