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The New "Unemployables"

According to an Urban Institute study published last year, "older workers were less likely to lose their jobs during the recession, but those who were laid off are facing far tougher conditions than their younger colleagues. Workers in their fifties are about 20% less likely than workers ages 25 to 34 to become re-employed."

A recent survey by the Heldrich Center for Workforce Development at Rutgers University found that "nearly 2/3 of unemployed workers age 55 and older say they have been actively searching for a job for more than one year, compared to just 1/3 of younger workers."

"Older workers also have the longest bouts of unemployment. The average duration of unemployment for workers ages 55 to 64 was 11 months as recently as January, according to the Labor Department. That's three months longer than the average for 25- to 36-year-olds. "

"AARP's Public Policy Institute surveyed unemployed baby boomers in 2010 and 2011. While 71% blamed their unemployment on the bad economy, almost half also said they believed age discrimination was also at play. "

           ------source  CNN Money.  Click here to read the rest of their Feb. 26, 2013  report.

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