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by Sara E. Rix - AARP Public Policy Institute, Public Policy Institute, May 2011|Comments: 0
The April 2011 unemployment rate for persons age 55+ remained unchanged from the 6.5 percent for March. Average duration of unemployment, however, continued to increase, exceeding one year (53.6 weeks) for older jobseekers.
About 25,000 more people aged 55 and over were unemployed in April than in March; however, the unemployment rate remained at 6.5 percent.
Average duration of unemployment for older jobseekers exceeded one year in April, rising to 53.6 weeks from 51.5 weeks in March. More than half—56.3 percent—of all older jobseekers had been out of work for 27 or more weeks, up from March’s 54.7 percent.
The number of older people out of the labor force who wanted a job and the number not looking for work because they were discouraged about their job prospects changed little in April.
Involuntary part-time workers aged 55 and over were 4.6 percent of all older nonagricultural workers in April, vs. 4.8 percent in March.
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