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October 13, 2009 at 08:00 PM
The number of unemployed workers age 55 and older was 6.8% in September, up from 4.2% a year earlier, according to USA Today. That’s lower than the overall rate of 9.8%, but when older workers are laid off, they often have a harder time finding another job. As of August, 44% of unemployed older workers had been out of work for at least 27 weeks, vs. 33% of younger jobless workers, according to AARP.
Many discouraged older workers have given up and taken early retirement. More than 2.6 million workers entered the Social Security system in fiscal 2009, up from 2.2 million a year earlier, the paper reports.
