This AARP Public Policy Institute fact sheet highlights the employment situation for older persons as of July 2011. Between June and July, the unemployment rate for persons aged 55 and older dipped to 6.9 percent from 7.0 percent. More than 2.1 million people aged 55 or older were unemployed in July, 19,000 fewer than in June. The number of older persons with jobs increased by only 7,000.
The average duration of unemployment for jobseekers aged 55 and older remained above one year in July. As of July, nearly 54 percent of older jobseekers had been out of work for 27 or more weeks.