55+ Unemployment Increases to 3.2 percent

  Employment Overview The unemployment rate increased to 4.0 percent in January according to the Bureau of Labor Statistics (BLS). BLS revised the methodology for calculating employment statistics. Underlying survey data have been revised as part of the annual benchmarking process, updating of seasonal adjustment factors, and updated population estimates. For more information, see The Employment Situation. Overall, the economy added 304,000 jobs in January, up from 222,000 jobs added in December (revised down from +312,000). The unemployment rate for …

Economy Adds 312,000 Jobs in December

Employment Overview The economy added 312,000 jobs in December, a strong increase from the 176,000 jobs added in November (revised up from 155,000), according to the Bureau of Labor Statistics’ (BLS) December Employment Situation Summary. The overall unemployment rate increased from 3.7 percent to 3.9 percent, while the unemployment rate for those ages 55 and older held steady at 2.9 percent. The overall labor force participation rate edged up to 63.1 percent while the rate for the 55+ increased slightly …

Unemployment Rate Unchanged at 3.7 percent in November

  Employment Overview The unemployment rate remained unchanged for the third consecutive month at 3.7 percent, according to the Bureau of Labor Statistics’ (BLS) November Employment Situation Summary. The unemployment rate for those ages 55 and older edged up slightly to 2.9 percent. The economy added 155,000 jobs in November, down from 237,000 jobs added in October. The overall labor force participation rate was also unchanged at 62.9 percent while the rate for the 55+ increased slightly to 40.2 percent. …

Strong Hiring in October as Unemployment Rate Holds Steady

Employment Overview The unemployment rate remained unchanged for both the overall workforce and those ages 55 and older, according to the Bureau of Labor Statistics’ (BLS) October Employment Situation Summary. The overall unemployment rate was 3.7 percent and 2.8 percent for those ages 55 and older. The overall labor force participation rate edged up to 62.9 percent while the rate for the 55+ remained unchanged at 40.1 percent. Employment among this age group increased to 36.6 million while 1.1 million …

New Report: Familiar Challenges for Older Jobseekers

The share of the workforce ages 65 and older is growing, but a new Public Policy Institute (PPI) report reveals that jobseekers in this age group continue to face challenges in their search for work. Among those challenges: Age discrimination. A recent AARP survey has found age discrimination to be widespread. Unemployed respondents were more likely to say they had seen or experienced age discrimination than those working, and 38 percent of unemployed respondents believe they had not been hired …

Unemployment Falls to 3.7% in September

  Employment Overview Though the unemployment rate declined to 3.7 percent in September, job growth slowed compared with August, according to the Bureau of Labor Statistics’ (BLS) September Employment Situation Summary. Overall employment increased by 134,000 jobs compared with the 270,000 jobs added in August (revised up from 201,000). The professional and business services, health care, and transportation and warehousing industries all added jobs. The overall labor force participation rate remained at 62.7 percent but edged down slightly to 40.1 …