Posted on 28 October 2011
By Mark Miller
The jobless rate for workers over age 55 is much lower than for the workforce as a whole — it stood at 6.7 percent in September, compared with the 9.1 percent national rate. But older workers who do lose their jobs tend to be out of work much longer than younger workers – if they can find new jobs at all.
And the lower jobless rate doesn’t necessarily reflect a rosier employment outlook. Rather, it reflects some quirks in the way that the Bureau of Labor Statistics measures unemployment. Learn more in my column at Reuters Money.