Economic Report: Older Workers Spend More Time Unemployed than Younger Workers
Submitted by Jesse Russell on July 10, 2009 - 9:49am
 Printer-friendly version Send to friendEconomic 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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