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Sunday, March 11, 2012

Unemployment Rate For 55 and Over Is Down To 5.9%. Does it feel that way?

"The number of people over age 55 who have a job has increased by 1.69 million over the past year, to nearly 30.2 million workers, according to data released Friday by the Bureau of Labor Statistics as part of the monthlyemployment report.

That’s a far larger increase than for any other age group. By contrast, the number of jobholders age 25 to 54 has increased by just 322,000 over the same period, even though that group includes more than three times as many total workers.

In total, about 2.51 million more people were employed in February vs. a year earlier, according to the household survey of Americans conducted monthly by the BLS.

The unemployment rate for workers 55 and over, at 5.9 percent, is also lower than for any other age group. "

What is your reaction to this news?

Source and Full Article: MSNBC

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