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The Employment Situation, December 2011

Year Ends on Encouraging Note

This AARP Public Policy Institute fact sheet highlights the employment situation for older persons as of December 2011.  At 6.2 percent, the December unemployment rate for persons aged 55 and older was at its lowest since early 2009 but still well above what it was at the start of the recession (3.2 percent).  Although the number with jobs was up, the employment-to-population ratio remained unchanged.  

Just over 1.9 million older people were out of work and looking for a job in December.  Average duration of unemployment for older jobseekers fell to 52.2 weeks from 58.2 weeks between November and December.