Extended Struggle to Find Work Threatens Millions of Older Americans' Economic Security, Ability to Retire
Once they have lost a job, older Americans are more likely than any other age group to remain out of work for 99 weeks or more, as calculated in a new report by the Congressional Research Service.
Among unemployed adults over age 65, one out of eight (12.15%) had faced 99 weeks or more of unemployment, sometimes called very long-term unemployment. For unemployed adults ages 55 and over, 11.51% had spent almost the last two years looking for work, considerably higher than the figure of 6% among unemployed workers under age 35.
See full Press Release.
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