Senior Unemployment Rate Hits 31-Year High

Highlights

Senior Unemployment Rate Hits 31-Year High

January 14, 2009

Abstract

Unlike most previous recessions, the current economic slowdown has substantially increased the unemployment rate for older Americans. In December 2008, 5.1 percent of workers age 65 and older were unemployed, a higher share than at any time since March 1977. This factsheet provides the latest information on the employment situation of older Americans.

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