Jobless numbers fell for older workers in January
Posted on 11 February 2010
By Mark Miller
Permanent URL of this article: http://retirementrevised.com/career/jobless-numbers-fell-for-older-workers-in-january
The unemployment rate for workers over age 50 fell to 6.8 percent in January, down from 7.2 percent in December, according the Bureau of Labor Statistics. For those ages 45 to 54, the jobless rate declined to 7.6 percent last month from 7.9 percent a month earlier. The jobless rate also fell a bit for workers age 45 to 54, standing at 7.6 percent compared with the 7.9 percent rate in December.
The declines came against the backdrop of a small decline in overall unemployment last month, to 9.7 percent from 10 percent.
However, the AARP Bulletin reports that the length of unemployment still was longer for older workers.
February 12th, 2010 at 10:26 am
Mark, thanks for your ongoing and thorough reporting on such important issues for all of us. FYI, you may want to fix the typo in “Jobless numbers fell for older workers in January.” First line should read “fell to 6.8 percent” instead of 8 percent. Best regards / Mike
February 12th, 2010 at 10:37 am
Mike:
Yikes! Thanks for pointing that out, I’ve fixed the numbers.