This AARP Public Policy Institute fact sheet looks at the November 2013 employment situation for the workforce aged 55 and older.
- The November unemployment rate for the workforce aged 55 and older— 4.9 percent—was down sharply from October’s 5.4 percent. The rate fell for older women and older men.
- Approximately 1.6 million people aged 55 and older were unemployed in November, 188,000 fewer than in October and nearly 300,000 fewer than the previous November.
- The average duration of unemployment for older jobseekers rose slightly to 50.7 weeks from 49.7 weeks between October and November.