AARP Eye Center
Downer of the Day: Older Workers Still Out of Jobs
By Alejandra Owens, June 11, 2009 12:52 PM
Sorry to be a downer guys, but this AARP Bulletin piece was too important not to highlight; while folks may think the economy may be on the up and up, the unemployment rate is still hitting older workers, and hard:
"The unemployment rate for workers age 55 or older hit an all-time high of 6.7 percent in May, a level 116 percent higher than at the start of the economic downturn in December 2007, according to an AARP analysis of the latest government employment data. The jobless rate for younger workers also grew precipitously over the same period--63 percent among those ages 16 to 24, and 110 percent for workers 25 to 54. Among all workers, the unemployment rate climbed to 9.4 percent in May, more than double the 4.5 percent reported in December 2007. An estimated 15 million people are without work."
The article also highlights differences between younger and older workers' experience with unemployment (and employment) during the recession; it's definitely work checking out.