Type of Content: News
Resource Title: As Unemployment Surges, Older Workers Need More Help
Publication Title: Urban Institute
Publish Date: May 14, 2020
One surprise from the April jobs report was the surge in unemployment among older workers. The monthly unemployment rate at ages 65 and older reached 15.6 percent, the highest level since records began in 1948. It exceeded the unemployment rate for workers ages 25 to 54 by 3 percentage points, the biggest gap ever. It’s been more than 50 years since the monthly unemployment rate for workers ages 65 and older surpassed the rate for those younger workers by even 1 full percentage point.
Resource URL: https://urbn.is/37elm53