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The Employment Situation: March 2013

Discouraging News for the Older Workforce

 

This AARP Public Policy Institute fact sheet looks at the March 2013 employment situation for the older workforce.

The news was not all that good.  Nonfarm payroll was estimated to have increased by only 88,000. There was no increase in the employment of older (aged 55+) workers, even though their unemployment rate fell from 5.8 percent to 5.5 percent.  More older Americans were out of the labor force in March than the month before.  Average duration of unemployment crept upward, as did the number percentage of discouraged and involuntary part-time workers.

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