WORK is the New Word for Retirement

In today’s world, the notion of an older person reaching their 60s and completely leaving the labor force is simply outdated. An AARP analysis of the Employee Benefit Research Institute’s 2017 Retirement Confidence Survey found that close to one-third of retirees have worked for pay since retiring, and according to a TransAmerica Center for Retirement Studies report, two-thirds of Boomers plan on (or already are) working past the traditional retirement age of 65 . . . or never retiring at …

Economy loses 33,000 jobs in September

Employment overview The economy lost 33,000 jobs in September largely reflecting the impact of hurricanes Harvey and Irma. Despite the overall job loss, the labor force participation rate for those ages 55 and older decreased only slightly to 40.1 percent. The Bureau of Labor Statistics’ (BLS) September Employment Situation report showed the overall labor force participation rate edged up slightly to 63.1 percent.  The unemployment rate declined to 4.2 percent with 6.8 million persons remaining unemployed.  Much of the impact …

What’s Dad Worth? $24,103

Sure, dads are priceless. Who else is going to kill flying stinging insects, plug leaky pipes and repair the family car? For all that dad does around the house, Insure.com’s annual Father’s Day Index calculated his value for 2014: He’s worth $24,103, up slightly from last year. Dad’s worth is measured by the typical household tasks he performs and the average wages paid for those duties based on data from the Bureau of Labor Statistics. Those jobs include plumber at …

Men Gain, Women Pained, in Latest Jobs Report

Hiring was robust in June but only some older workers benefited from that action, according to the jobs report that came out last Friday. Men 55 and older saw their unemployment rate dip to 5.5 percent – down from 5.8 percent in May and 6.6 percent at this time last year. The situation was reversed for older women. Their unemployment rate soared from 4.3 percent in May to 5.4 percent in June, according to the Bureau of Labor Statistics. Still, their figures were …

More Older Workers Landed Jobs in May

Good news on the jobs front. Businesses created a not-too-shabby 175,000 jobs in May, pushing down the unemployment rate for older workers, though women fared better than men. Among all workers age 55 and older, the jobless rate fell to 5.3 percent last month from 5.5 percent in April, the government reported Friday. Older women drove that trend. Their unemployment rate slid to 4.3 percent in May from 4.8 percent the month before. Among men in that age group, the unemployment …

Older Workers See Gains In Jobs Report

Despite fears of a spring slowdown, the economy continued to improve in April as employers created 165,000 new jobs and the unemployment rate held steady for older workers, the government reported Friday. Among all workers 55 and older, the  jobless rate remained at 5.5 percent last month, same as in March. For men in that age group, the rate held steady at 5.7 percent for the second consecutive month. For women, the unemployment rate fell from 5.2 percent in March …