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The Employment Situation: May 2013

Some Good News for Older Workers Tempered by Continuing Problems

 

This AARP Public Policy Institute fact sheet looks at the May 2013 employment situation for the workforce aged 55 and older.

The unemployment rate for this age group fell from 5.5 percent to 5.3 percent, but the decline was concentrated among women. Nearly 1.8 million older Americans were unemployed in May, 65,000 fewer than in April and 330,000 fewer than one year earlier. Average duration of unemployment crept back up and once again exceeded on year. The number of involuntary part-time workers was unchanged from May but still above what it had been at the start of the Great Recession.

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