Friday’s job report was especially devastating for the growing number of older people remaining in the workforce. The unemployment rate for workers 65 and older, which had been running almost exactly even this year with the level for those aged 25-54, spiked to 15.6% in April, significantly greater than the already breathtaking 12.8% rate for those in their prime working years, according to federal statistics.
Friday’s job report was especially devastating for the growing number of older people remaining in the workforce. The unemployment rate for workers 65 and older, which had been running almost exactly even this year with the level for those aged 25-54, spiked to 15.6% in April, significantly greater than the already breathtaking 12.8% rate for those in their prime working years, according to federal statistics.
