The Bureau of Labor Statistics says that the number of working seniors is actually on the rise. In fact, it’s more than doubled since 1990. Meanwhile, the unemployed rate in that group has also increased, from 2.3 percent in 1990 to 5.6 percent in 2011. That may sound like a contradiction, but it actually isn’t. It means more seniors are looking for work, and while some are succeeding, more and more are not. Services, like the job-training program run by Quintin Doromal and the Jewish Council for the Aging are seeing greater interest from seniors in their community. In fact, Dormal says, ”We have a waiting list of 193 participants.” He says he eventually hopes to place 20 percent of the trainees in permanent jobs.
One of the recorded votes on amendments was on a jab at short-term health insurance.
A Principal Financial executive represented life insurers at the hearing.
The allegations relate to the Georgia Underwriting Association.
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