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Zorro

(15,740 posts)
Sat Dec 9, 2017, 11:57 PM Dec 2017

Jobs are everywhere, just not for people over 55

Job openings have been at record highs and the unemployment rate has edged down to all-time lows. But it’s a very different story for older unemployed Americans, especially ones out of work for over six months — the long-term unemployed.

A stunning 33% of job seekers ages 55 and older are long-term unemployed, according to the AARP Public Policy Institute. The average length of unemployment for the roughly 1.2 million people 55+ who are out of work: seven to nine months. “It’s emotionally devastating for them,” said Carl Van Horn, director of Rutgers University’s John J. Heldrich Center for Workforce Development, at a Town Hall his center and the nonprofit WorkingNation held earlier this year in New Brunswick, N.J.

And, recent studies have shown, the longer you’re out of work — especially if you’re older and out of work — the harder it becomes to get a job offer.

The job-finding rate declines by roughly 50% within eight months of unemployment, according to a 2016 paper by economists Gregor Jarosch of Stanford University and Laura Pilossoph of the Federal Reserve Bank of New York. “Unemployment duration has a strongly negative effect on the likelihood of subsequent employment,” wrote researchers from the University of Maryland and the U.S. Census Bureau in another 2016 paper.

https://www.marketwatch.com/story/jobs-are-everywhere-just-not-for-people-over-55-2017-12-08

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iluvtennis

(19,861 posts)
1. Wow. Although illegal, age discrimination is rampant. Companies just say "we decided not to fill
Sun Dec 10, 2017, 02:35 AM
Dec 2017

the position".

BigmanPigman

(51,605 posts)
2. Just wait until the GOP passes the TAX SCAM then guts Medicare and Social Security.
Sun Dec 10, 2017, 02:37 AM
Dec 2017

FIGHT THEM NOW!!!! Before it is too late! I do not have kids but I am fighting for other future generations and for the future of my country. I LOVE THE US AND THE GOP IS KILLING IT!
DITRACTIONS are all over and expect more daily. If people on DU would fight the Tax Scam as much as they fight Franken's resignation their energy would be used to stop it dead in its tracks.
This is NOT OVER! People have been organizing and there is a lot that YOU, me and everyone we know can do and DO it NOW!

I was part of the Not One Penny nationwide phone call with Indivisible, Cory Booker, Bernie, MoveOn, etc. We all need to get up and be active instead of whining that it is over, that is GOP and MSM BS used to distract us. The bill is not a win, it is a disaster and we can stop it. There are still a few weeks left and the three things we must do...
1. Attend protests, town halls, etc and make sure the media is there, no matter how big or small it is. The media has been absent due to the non stop distractions. There are many important issues but this is our BIGGEST PRIORITY for the next few weeks.
2. Keep up the CALLS. They started late but eventually their staffers were busy ...call, tell your family and friends in other states to call too. (202)224-3121
https://www.trumptaxscam.org/
3. Social media is crucial. Retweet and share whatever you can. Send it to the media. Events, town halls, protests are occurring and over 100 are planned for this week alone. Bernie, Cory Booker, Indivisible, MoveOn have been going to Kentucky, Ohio and PA all weekend.

New info is already coming out. One new fact since the Fri vote is that there will be 1/2 trillion more dollars added to the deficit. Only 28% of Americans approve of the Tax Scam. This week Ryan will appoint Repub to his closed door "conference committee" and then we can target those reps. The house and senate have to "negotiate a compromise". What they voted on is different in each chamber. For now we know of 28 Rep congressmen who voted against one of the two bills/plans. We need to flip 23 of them. The Senate will need to be PRESSURED NON STOP...this means calling the 9 senators that were wavering. If we get Alabama we only need two more senators with Corker. This would be great.
We have been the catalysts of the grass roots efforts for a year and have stopped major legislation. We have a few more weeks until the holidays. After that we have to spread the word about what the GOP has done to the stability and future of our country with this tax cut for the rich and they are taking money from the sick and poor which will bankrupt millions and take over 13 million off of health care. Meanwhile tax cuts for multi million dollar corporations will not be trickling down at all and never will. The bill ensures that the country Will be in debt for decades if this bill is passed.
We must pressure them non stop. WE MUST NOT allow ourselves to be distracted by other important issues for the moment. This can be stopped and WE WILL DO IT!

PoindexterOglethorpe

(25,861 posts)
3. Apparently I'm the only person in this country over the age of 55
Sun Dec 10, 2017, 02:46 AM
Dec 2017

who has gotten a job in recent years.

Actually, over the age of 60 I got at least 6 jobs. Okay, so they all were entry level, and I was actually fired from two of them, but still.

A couple of years ago (at age 67) I responded to an ad in the newspaper for a part time job (again, entry level clerical) that looked ideal for me. At the interview I learned that they wanted 30 hours a week, and I was honest that I didn't want to work that many hours. Had I been willing, I'd have been hired on the spot. Instead, the woman interviewing me (the owner of the small business involved) asked me if I'd be willing to do temp work for them. I said yes, and a couple of weeks later she called me and I did a week with them. Several months later she called again and I worked about two and a half days. That second time I worked myself out of a job in that I was very efficient at the tasks she gave me and completed them sooner than she'd hoped. They haven't called back since, but I'd recommend that company to anyone applying to them.

So it is simply not true that no one over a particular age can get a job. It is true that a person may not be able to get a new career position, which does suck. But being willing to work at anything, something, isn't such a bad strategy. Especially compared to not working at all or taking Social Security far too young.

 

YOHABLO

(7,358 posts)
4. Some of this may ring true, although for those with certain skill sets.
Sun Dec 10, 2017, 03:30 AM
Dec 2017

Also those on Disability have a rougher time working because of work hour requirements.

Ms. Toad

(34,074 posts)
6. You're not the only one.
Sun Dec 10, 2017, 05:32 AM
Dec 2017

My last job move was at 57 - into a new career (beating a far younger competitor). I've been promoted twice since then - once against candidates rounded up in a national search.

I made an informal committment to stay here 5 years (5 years doubles my final average salary in my defined benefit retirement planso there is a significant avantage to staying 5 years - and only 1.5% growth per year after that).

I probably won't move again, but (assuming my body & brain hold out), I expect to stay on another decade until I'm 72 and can retire with close to a full pension.

PoindexterOglethorpe

(25,861 posts)
7. I am very impressed.
Sun Dec 10, 2017, 06:02 AM
Dec 2017

You and I are proof that the bullshit about no one can possibly get hired over age 55 or 50 or whatever simply isn't true. Yes, I understand that certain career positions are almost impossible to get hired into, but that doesn't mean that absolutely no one over some arbitrary age can get a job.

I know we are in a tough economy. And have been for some time. But the number one thing is to live below your means. Do not count on bonuses to pay for day to day living. Do not expand your spending when you get a raise. Such simple things that so many people don't understand.

The reason I have a decent sum of money saved and invested is that when we (meaning my ex and I) got extra money we put it into savings and investments. Not into how we lived at present. Occasionally we'd have a conversation marveling that co-workers had bigger homes and fancier cars, and wonder what we were doing wrong. But we weren't actually doing anything wrong.

Here's (in my opinion) the underlying problem: our culture is constantly exhorting us to SPEND. If you own a television (and I bet almost everyone reading this has a TV in every single bedroom plus the living room and any other separate rooms such as rec room or family room) you are watching hours and hours every day of advertisements that assure you that your life will be much better if only you (pick several, not just one) own a fancy car, buy a bigger house, take a fancy vacation, buy a new cell phone, purchase new clothing, new electronics, new appliances. I don't own a TV, and haven't had one for over nine years now. And this isn't even the first time I've been without a TV. I do get to watch most of the shows I'm interested in, thanks to the internet (unlike when I went without TV in earlier decades) but the very, very best thing is that I'm not subject to the ads.

Okay, so I am a bit behind on some things, like just what kind of fancy TV or smart phone I ought to own, but I honestly don't feel deprived.

Honestly, we can all do without a lot of the consumer items we think we need. Oh, dear. My rant just went off on a tangent I hadn't intended. So sorry.

area51

(11,909 posts)
5. Kick for the night crew
Sun Dec 10, 2017, 05:04 AM
Dec 2017

I believe the biggest reason for age discrimination in hiring in the US is the for-profit insurance system we have for health care. People past probably 45 are much more expensive to insure.

Willie Pep

(841 posts)
8. Good to see there are reports on this issue.
Sun Dec 10, 2017, 06:07 AM
Dec 2017

I think it is a good antidote to the meme that older Americans are all living lavish. Many of my older relatives have been telling me about how they feel that they are no longer wanted or valued where they work and they fear that they will be unemployed before they reach retirement age and won't be able to find work again if they are unemployed.

 

SFnomad

(3,473 posts)
9. "The unemployment rate has edged down to all-time lows" ??????
Sun Dec 10, 2017, 06:26 AM
Dec 2017

What are they talking about? Currently the unemployment rate is at 4.1%. Under President Clinton, the unemployment rate got below 4% towards the end of 2000. And back in the 60s/70s, it was well below 4% and in the early 50s it was well below 3%.

If they want to say it's the lowest it has been in recent history, they'd be correct. But when you say "all-time" lows, you need to get your facts rights.

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