Fact Sheet Senior Unemployment Rate Hits 31-Year High
Richard W. Johnson
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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.
Research Areas Wealth and financial well-being Aging and retirement
Tags Economic well-being Employment and income data Pensions Unemployment and unemployment insurance Retirement policy
Policy Centers Income and Benefits Policy Center