This AARP Public Policy Institute fact sheet looks at the June 2014 employment situation for the workforce aged 55 and older. Nonfarm payroll employment rose by an estimated 288,000 in June; total employment was higher than it had been at the start of the Great Recession.
The unemployment rate for the aged 55-plus workforce fell from 4.6 percent to 4.4 percent between May and June and was well below what it was a year earlier (5.5 percent). June’s improvement, however, was limited to older women. At 48.1 weeks, the average duration of unemployment for older jobseekers was lower than in May (52.5 weeks) but little different from June 2013 (48.2 percent).