October unemployment report

New Jobs Report: Older Workers See Gains

Posted on 11/2/2012 by |Money and Work | Comments

Bulletin Today | WorkCompanies did more hiring than firing in October and older workers caught some of that action. A higher-than-expected 171,000 jobs were added to the economy last month as jobless levels for people 55 and older tapered off, according to the Bureau of Labor Statistics. The jobless rate fell to 6.1 percent in October from 6.4 percent the month before for men 55-plus. One year ago, the rate for this group was 7.2 percent. For older women, the unemployment rate edged …