Unemployment Rate Hits All-Time High for Adults Age 65 and Older

Highlights

Unemployment Rate Hits All-Time High for Adults Age 65 and Older

Abstract

The unemployment rate for adults age 65 and older reached 6.8 percent in February 2009, the highest level recorded since the federal government began computing reliable unemployment rates in 1948. Senior unemployment rates were particularly high among African Americans, Hispanics, those who did not complete high school, and those in the construction, manufacturing, and leisure and hospitality industries.

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