A recent Washington Post article “Losing a job is always terrible. For workers over 50, it’s worse” offers statistical data (USA stats) related to unemployment and older workers.
The statistics are summarized below:
- Fewer workers over 50 are unemployed, but those who are have a tougher time of it;
- Job searches last longer before older workers are re-employed;
- Older workers tend to end up in work that pays less than their previous employments;
- Many accept part-time employment;
- Workers who were at their previous jobs the longest have a harder/longer job search;
- The majority identify age as a barrier but a larger percentage identify lack of jobs as an issue
David McKay, Targeted Initiative for Older Workers (TIOW) Program Coach-Facilitator, states: “the longer the job search the more likely a job seeker will be to take a lower salary – so the factors influence each other to intensify the financial strains.”
If you are aged 55-64 and looking for work, find out how the Durham Region Unemployed Help Centre can help you through the Targeted Initiative for Older Workers.
Next TIOW Orientation Session:
June 11th, 1:30pm-3:30pm, 272 King Street East, Oshawa
To Register Call: 905-579-1821 or email at email@example.com.
Read the Durham Region Unemployed Help Centre April 2015 edition of Employment E-News.