Economic Report: Older workers spend more time unemployed than younger workers

Omaha Steve

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Sun Jul-12-09 07:36 PM
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Economic Report: Older workers spend more time unemployed than younger workers

http://www.laborradio.org/node/11506

Economic Report:

Older worker unemployment rates are on the rise. The unemployment rate for 55 year olds and older jumped by 4.4 percent from May to June in comparison to an increase of 1 percent among those under the age of 55. According to the Bureau of Labor Statistics, the average length of time older workers are unemployed is 29.9 weeks. That�s eight weeks longer than the amount of unemployment time for younger workers.

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bbinacan

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Sun Jul-12-09 07:45 PM
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1. Older workers

tend to have higher incomes and will hold out for a job that pays as well.

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lib2DaBone

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Sun Jul-12-09 08:13 PM
Response to Reply #1

2. Plus, the amount of discrimination against 50+ workers is immense...

..witness the meteoric rise in chin lifts, tummy tucks, hair dyes and lipo-suction... anything to help an older worker get hired in ths awful economy.

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bbinacan

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Mon Jul-13-09 06:37 PM
Response to Reply #2

3. Once you hit 60

you're protected. I was laid off a couple of years ago and was doing twice the business of a 60 year old.

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