Career change often begins with a jolting disruption, like a job loss, a health problem or family issues. For Becky Loyacano, 57, change began with one of the worst disasters in U.S. history. When Hurricane Katrina destroyed Loyacano’s home in Slidell, Louisiana in 2005, it also crushed the New Orleans native’s work selling disability insurance. [...] [...more]
Today’s report on unemployment shows that the economy continues to gather steam – payrolls grew by 200,000 and the jobless rate ticked downward again, to 8.5 percent. But young Americans are having a much tougher time finding work than older workers. The seasonally-adjusted jobless rate for workers over age 55 stood at 6.2 percent last [...] [...more]
Are older workers really faring better in this recession-wracked job market? Just seven percent of workers over 55 were jobless in October, compared with a nine percent national average, the Bureau of Labor Statistics (BLS) reported earlier this month. That’s a sizable gap, and it’s been roughly that size throughout the recession. The health of [...] [...more]
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 [...] [...more]
Last week’s dismal unemployment report contained what looks like a glimmer of hope for older workers. The August jobless rate for workers over 55 was 6.6 percent – far below the 9.1 percent national average. But the August jobless numbers masks broader weakness in the job market for older Americans, because it measures only workers [...] [...more]
