Thursday, February 5, 2009

Senior Unemployment Rate Hits 31-Year High

The Urban Institute has issued a brief reporting that the unemployment rate for seniors has reached 5.1% - 326,000 unemployed, which represents 60% more than in November 2007. At the same time, the share of adults age 65 to 69 working or looking for work increased to 29.7% in 2007, from only 20.2% in 1982.

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