10 facts about older workers who lost their jobs in the Great Recession

At the end of 2011, the John J. Heldrich Center for Workforce Development at Rutgers University published a research paper Out of Work and Losing Hope:  The Misery and Bleak Expectations of American Workers (posted in the Resources section of our site).

Carl Van Horn, director of the workforce center, is one of our Over 50 and Out of Work expert interviewees.

The center began a nationwide survey of the unemployed in August 2009 of 1200 respondents and has repeated the survey three times, most recently, in September 2011.

Although the center questioned many more individuals  than Over 50 and Out of Work (100 interviewees),  the devastating impact of the Great Recession on both groups is comparable and grim.

Here is a quick 10-fact summary of the center’s findings:

• Only 23 percent of workers over the age of 50 are working full-time.
• A total of 42 percent are either unemployed (35 percent) or working part-time, but looking for full-time jobs (6 percent).
• Slightly more than 20 percent of workers over 50 have dropped out of the labor market.

Re-employment, for those older workers who have had successful job searches, has not been easy.

• Almost half (48 percent) did not find a job for over a year.
• The majority (60 percent) of the re-employed workers accepted a pay cut, frequently substantial.
• Many of the older workers (42 percent) said that their new job was “very different” from their prior employment.
• The job search for older workers is prolonged:  80 percent of older workers have been seeking jobs for over one year and 50 percent for more than two years.

The impact of the recession on both unemployed and re-employed older workers has been drastic and negative.

• Their financial situation has worsened; most (85 percent) have less savings and income than they did before the recession.
• Their retirement plans have changed – 40 percent said they would have to work longer than they expected and almost half (46 percent) predict that they will have to file for Social Security earlier than they had previously planned.
• One-third of workers over 50 do not have health insurance and 50 percent said they have cut back on health care expenses.



Angelsmume said:

lnhvuft http://www.livinginmanchester.co.uk/air-force-black-gum-sole-758.htm http://www.scarpepumauomo.it/puma-basket-patent-leather-842.php http://www.adidasskonmd.dk/nmd-adidas-beige-996.html http://www.musiaccesible.es/434-nike-air-max-2016-hombre-zapatillas-de-running.html http://www.alpenny.it/nike-verde-088.html Adidas Superstar Adv Black Timberland Cupsole Chukka Adidas Belgique Louis Vuitton Bags 2015 Adidas Zx Flux Multicolor Prisms

JorgeHaf said:

safe online pharmacy for viagra viagra prices shelf life of viagra pills buy viagra order viagra mexico

PatrickRaf said:

get viagra online canada viagra prices reliable sites buy viagra buy viagra online viagra pharmacy online

Matthewblopy said:

buy cialis us pharmacy buy cialis online how to buy cialis online from canada tadalafil generic purchase cialis online cheap

RichardWargo said:

financial loans http://www.dixiehousecafes.com/?option=com_k2&view=itemlist&task=user&id=171885 easy cash loan emergency payday loans cash advance tulsa http://www.gofaberlic.com/?option=com_k2&view=itemlist&task=user&id=135680 unsecure loans can you get a loan with no credit payday advance loans online http://riaddarachaach.com/index.php/fr/component/k2/itemlist/user/32688 money loans online cash advance near me golden valley payday loan http://www.yopougon.ci/index.php/component/k2/itemlist/user/1209124 american loan services personal loans for bad credit monthly payments internet cash advance http://daeshigiene.com/?option=com_k2&view=itemlist&task=user&id=66379029 www loan payday loans alberta get loan with bad credit http://tropical-gardens-rv-park.com/?option=com_k2&view=itemlist&task=user&id=1171594 american cash advance payday loans killeen tx utah payday loans http://www.masters.ru/?option=com_k2&view=itemlist&task=user&id=2145047 get loans cash and loan fast online payday http://betterbaitsystems.com/?option=com_k2&view=itemlist&task=user&id=158283 quick easy loans online first time personal loans get cash loans http://thewordforesl.com/?option=com_k2&view=itemlist&task=user&id=18655 where can i get a loan from payday loans direct lenders only poor credit loan lenders http://maffia.by/?option=com_k2&view=itemlist&task=user&id=45726 short term cash loan no fee payday loan

Briansmock said:

buy cialis online yahoo answers generic cialis 2017 buy cialis euro buy cialis best place buy generic cialis

Jeremyicots said:

New Balance Minimus Tarjous Know the signs of a youtube video game playing addict. Games are enjoyable, but should they be taking over your daily life, you require some key aid. If you spend time playing video games and tend to forget to clean up any room or research your options, you want an involvement. Sit down making a schedule for the day. Make room for many gaming time, but don't allow it to take over your way of life. https://www.oldtimerclubmeppel.nl/images/old2/3628-nike-zwart-wit-heren.jpg Purchasing business real estate property takes a particular knowledge of the neighborhood market. Residence values are largely based on local market conditions like occupancy ranges, leasing rates and market developments, producing an actual trip to the potential home and also touring the full community a necessity. https://www.ronaldpaulvanduuren.nl/images/rona2/7124-hakken-schoenen-dames.jpg

BernardAcals said:

cialis for sale online in canada tadalafil generic wholesale cialis generic cialis at walmart can you cut cialis pills

CecilMug said:

Buy New Balance Australia One way to make sure that you are getting a cash advance from the reliable loan company is to search for reviews for many different payday loan businesses. Undertaking this will help you distinguish genuine lenders from frauds that happen to be just looking to rob your money. Be sure you do enough investigation. https://www.arcusorg.nl/images/arc2/5112-beats-by-dre-solo-hd-kopen-fake.jpg Including images plus a snapshot with your article makes it a lot more friendly and unique, and viewers like each of all those functions. Remember you need to either take the pictures oneself, or lawfully achieve the rights to work with somebody elses. https://www.bhdesign.nl/images/bhde2/4838-valentino-schoenen-amsterdam.jpg

Leave a Comment »

Leave a Reply

Your email address will not be published. Required fields are marked *