Unemployment rates remained high for the 47.5 million workers age 50 and older in 2010. More than half of unemployed workers this age were out of work for more than six months, and nearly a third were out of work for more than a year. Workers age 50 to 61too young to qualify for Social Security retirement benefitshave fared worse than those age 62 and older since the Great Recession began in December 2007. This data brief shows recent trends in unemployment, employment, labor force participation, earnings, and unemployment duration.
LATEST IN Aging
To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.