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The Employment Situation, July 2013:

Unemployment Drop for Older Workers Does Not Translate into Employment Gain

This AARP Public Policy Institute fact sheet looks at the July 2013 employment situation for the workforce aged 55 and older. Nonfarm payroll employment increased by an estimated 162,000 between June and July—a smaller increase than many anticipated.

The unemployment rate for the aged 55-plus workforce fell to 5.0 percent from 5.3 percent, but the number with jobs showed little change and the percentage employed (employment-to-population ratio) remained flat. After falling in June, the average duration of unemployment edged upward in July.

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