This AARP Public Policy Institute fact sheet looks at the June 2013 employment situation for the workforce aged 55 and older. Although nonfarm payroll employment increased by 195,000 between May and June—a greater increase than anticipated—the unemployment rate aged 55-plus workforce remained at 5.3 percent.
Nearly 1.8 million older Americans were unemployed in June. Other indicators, such as the labor force participation rate, number employed and unemployed, and percentage employed (employment-to-population ratio) also showed little or no change for the older population. Average duration of unemployment did fall between May and June, but the number of discouraged older workers was up.
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