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The Employment Situation, January 2013

Jobs Added to the Economy but Unemployment for Older Workers Holds Fast

Nearly 2 million older people were unemployed in January, up by about 15,000 since December and about 115,000 from a year earlier.

Once unemployed, however, older workers are, on average, out of work longer than their younger counterparts. Jobseekers under the age of 55 had been unemployed for an average of 32 weeks in January, down from 34.3 weeks the month before.

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