“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
Being in the 55 and over group, I attend numerous networking groups as part of the job seeking process. While some are gaining employment, the road to success is long and hard, and for many can take several years. It also often results in accepting a position below their capabilities just to make ends meet.
It would seem logical however that many companies see the wisdom in drawing upon the experience and knowledge of those who have learned many lessons and can help businesses avoid pitfalls and make wiser decisions.