While the recession has caused unemployment rates to soar around the country, the current economic times have been particularly hard on workers age 50 plus. Older workers are finding themselves putting off retirement as they try to rebuild nest eggs or are suddenly unemployed after being with the same company for years.
Adding insult to injury, workers 50 plus also stay unemployed longer than their younger counterparts. In January, workers 55 and older were unemployed for 35.9 weeks while people ages 25 to 54 were unemployed 29.8 weeks, a difference of six weeks.
In some cases, what are stacking up against older workers are some misconceptions that employers have about older employers. … Back to Article
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