Jobless Older Workers: It’s Different this Time

In most recessions, older workers are less likely to lose their jobs than their younger counterparts. But older workers who do become unemployed tend to be out of work much longer than their younger counterparts, and they often go back to work for significantly less pay.

That certainly is how the labor market played out in the Great Recession that began in the fall of 2008. But this recession is looking different.