Full Citation
Title: A First in Nearly 50 Years, Older Workers Face Higher Unemployment Than Mid-Career Workers
Citation Type: Miscellaneous
Publication Year: 2020
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Abstract: Unemployment rates for workers 55 and older exceeded those of mid-career workers for the length of the pandemic — the first time since 1973 such an unemployment gap has persisted for six months or longer.Older workers lost jobs faster and returned to work slower than mid-career workers, creating an unemployment gap of 1.1 percentage points between older workers’ sixmonth average unemployment rate of 9.7% and mid-career workers’ rate of 8.6%.
User Submitted?: No
Authors: Davis, Owen; Fisher, Bridget; Ghilarducci, Teresa; Radpour, Siavash
Publisher: Retirement Equity Lab
Data Collections: IPUMS CPS
Topics: Aging and Retirement, Labor Force and Occupational Structure
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