Saturday, October 24, 2009

Number of Job Hunters 65 or Older Skyrockets - NYTimes.com

US Whig poster showing unemployment in 1837Image via Wikipedia

By STEVEN GREENHOUSE

It is well known that during the nation’s gale-force recession, many older Americans who dreamed of retirement continued to work, often because their 401(k)’s had plunged in value.

In fact, there are more Americans 65 and older in the job market today than at any time in history, 6.6 million, compared with 4.1 million in 2001.

Less well known, though, is that nearly half a million workers 65 and older want to work but cannot find a job — more than five times the level early this decade and this group’s highest unemployment level since the Great Depression.
Continue Reading
Reblog this post [with Zemanta]

No comments:

Post a Comment