Disrupting the Way We Think About Older Workers

AARP has always believed in the value of older workers, that they can be a genuine asset in the workplace. Now we have new evidence to back that up. In the wake of the Great Recession, we took a fresh look at data about hiring and retaining workers who are 50 and older. The AARP study, “A Business Case for Workers Age 50+,” which came out just last month, not only confirmed earlier research but also indicated that today the …

Good News for Older Workers

Older unemployed workers saw welcome gains in the job market in September as employers expanded their payrolls by a higher than predicted 248,000 jobs. The national unemployment rate for people ages 55 and older fell last month from 4.6 percent to 3.9 percent, a bigger drop than the rate for workers overall, the government said. For men ages 55 and older, the jobless rate dipped to 4 percent in September from 4.4 percent the previous month. Last year at this time …

Improving Economy? Not for the Long-Term Unemployed

What’s the outlook for people out of work for at least six months? Longer unemployment. Three Princeton University economists examined the status of people who reported they were unemployed for 27 weeks or more between 2008 and 2012 – and then revisited them 15 months later. Only 11 percent had found steady full-time work one year later while 30 percent were still looking. As many as 35 percent had dropped out of the labor force altogether. Another 24 percent were in …

Timing of Fiduciary Rule for Retirement Plans Questioned

If you have a 401(k) or other retirement plan, you may be waiting even longer before new government standards are imposed that require your financial adviser to act in your best interest. The U.S. Department of Labor was in the final stages of preparing a proposal that would establish a so-called fiduciary standard for retirement plan advisers, which means they’d be required to put their clients’ financial interests ahead of their own when offering investment advice. A number of consumer groups …

Looking for a Good Job? Now’s the Time. Or Not.

Officials at Gallup poll apparently broke out the rose-colored glasses when they reported Thursday that Americans are more optimistic about the availability of good jobs. Of the 1,510 people polled, a majority of people ages 50 to 64 (78 percent), and 65-plus (79 percent), say that now is actually a bad time to find what Gallup said was a quality job. Younger folks were only slightly less pessimistic. Sixty percent of people ages 18 to 29, and 65 percent of …

Home Health Workers to Get Minimum Wage, Overtime Pay

By Susan Jaffe, Kaiser Health News The U. S. Department of Labor issued new rules Tuesday that mandate home health care agencies pay their workers the minimum wage and receive overtime pay starting in 2015. “Almost 2 million home care workers are doing critical work, providing services to people with disabilities and senior citizens who want to live in community settings and age in place in their familiar surroundings,” said Secretary of Labor Thomas Perez. But when it comes to …