Saturday, June 23, 2012

Middle-aged and unemployed

The Wall Street Journal (see here) has an informative piece on the plight of middle-aged workers during the Great Recession.  The author states:  "As of May, the unemployment rate for people ages 45 to 64 was 6%, some 10 points lower than for people under 25. But the lower rate disguises the fact that when middle-aged people lose their jobs, it's much harder for them to find a new one. Those between 45 and 64 take almost a year on average to find a job, more than two months longer than workers between 25 and 44"

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