This AARP Public Policy Institute fact sheet looks at the September 2014 employment situation for the workforce aged 55 and older. Nonfarm payroll employment rose by an estimated 248,000 in September; total employment was higher by about 1.1 million than at the start of the Great Recession.
The unemployment rate for the aged 55-plus workforce fell from 4.6 percent to 3.9 percent between August and September, the lowest rate in more than six years. The number with jobs rose while the number unemployed fell by close to the same amount.
The proportion of older adults with jobs increased slightly, while the proportion of involuntary part-time workers remained flat. At the same time, average duration of unemployment inched downward for older jobseekers.