Duration of unemployment for older workers continues to lengthen


The national unemployment rate is stuck at 9.6 percent.  The unemployment rate for workers 55 years and older is 7.2 percent; a statistic that seems reassuring because it’s lower than the national average.

But the simple figure obscures the detail.  Older workers are continuing to confront record high levels of unemployment.   Moreover, the duration of unemployment for 55-plus workers is longer than national average, longer than for any other age group and growing longer, not shorter, despite the declared end to the Great Recession.

Last February, the average amount of time all workers were unemployed was 29 weeks, but it was 36 weeks for workers 55 and older.  By September, the average rose to 34 weeks for all workers and climbed to 42 weeks for workers over 55.

Comments

Angie said:

Nice post. I was checking constantly this blog and I aam impressed! Extremely helpful information particularly the last part : ) I care for such info a lot. I was looking for this particular ino for a long time. Thank you and best of luck.

http://www.gardengrovechamber.com said:

This article will assist the internet people for creating new weblog or even a weblog from start to end.

replica cheap tag watches said:

Hey! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in exchanging links or maybe guest writing a blog article or vice-versa? My website addresses a lot of the same subjects as yours and I feel we could greatly benefit from each other. If you happen to be interested feel free to shoot me an e-mail. I look forward to hearing from you! Superb blog by the way! replica cheap tag watches [url=http://www.watchheuer.ru/]replica cheap tag watches[/url]

Leave a Comment »

Leave a Reply

Your email address will not be published.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