Fewer Jobs Added in July but Labor Force Participation Rates Remain Stable

Employment Overview Total nonfarm payroll grew by 157,000 jobs, down from 248,000 jobs (revised up from 213,000) in June, according to the Bureau of Labor Statistics’ (BLS) July Employment Situation Summary. The unemployment rate edged down to 3.9 percent.  Jobs were added in professional and business services, manufacturing, and health care. The labor force participation rate held steady at 62.9 percent and the number of unemployed decreased from 6.6 million in June to 6.3 million in July. The number of …

213,000 Jobs Added and Labor Force Continues to Grow in June

Employment Overview According to the Bureau of Labor Statistics’ (BLS) June Employment Situation Summary, total nonfarm payroll grew by 213,000 jobs, down from 244,000 jobs (revised up from 223,000) in May. Though the unemployment rate rose from last month’s 18-year low of 3.8 percent to 4.0 percent in June, job growth continued with jobs added in professional and business services, manufacturing, and health care. The labor force participation rate increased to 62.9 percent in June from 62.7 percent in May, …

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In today’s world, the notion of an older person reaching their 60s and completely leaving the labor force is simply outdated.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 …

AARP Announces 2017 State Capitol Caregivers and Super Savers

In addition to advocating for older Americans in the halls of Congress, AARP staff and volunteers are working on the ground in all 50 states, Washington, DC, Puerto Rico and the U.S. Virgin Islands to make a difference in people’s lives through advocacy. This year, we have helped enact state policies to support more than 30 million family caregivers and provide thousands of workers with a new way to save for retirement. Achieving these results took a lot of hard …

Employers Can Do More to Support Family Caregivers

With more than 60 percent of America’s 40 million family caregivers balancing their caregiving responsibilities with paid employment, there is a pressing need for employers to do more to support employees who are also caring for loved ones. In fact, according to a survey AARP conducted with the Northeast Business Group on Health (NEBGH), an overwhelming majority of the company benefit managers – 82% – say that family caregiving will become an increasingly important issue for their companies over the …

Long-Term Unemployment Down for People Ages 55+ in July

  Employment overview   While many employment indicators for the 55+ were unchanged from June, the July 2017 Employment Situation Report from the Bureau of Labor Statistics showed that more people ages 55+ were employed and a lower percentage of jobseekers ages 55+ were experiencing long-term unemployment.  Overall, the economy added 209,000 jobs in July, down from 231,000 (revised) in June.  The unemployment rate for those ages 55 and older was virtually unchanged at 3.2 percent with 1.2 million of …