Unemployment rate by age group

[Liberal_in_LA]

is there a typo on the x-axis of this chart?



Job blues for gray-haired workers
By Chris Isidore, senior writerJune 28, 2010: 4:16 AM ET


NEW YORK (CNNMoney.com) -- Companies are starting to hire again, but many are turning their backs on older job seekers.

Statistics from the Labor Department show the employment outlook is improving for most workers. The unemployment rate for those in the 25 to 54-year-old age group has fallen from a record high of 9.2% in October to 8.7% in May.

But the nationwide unemployment rate for older workers -- while lower than that of younger workers -- has barely moved since hitting a record high of 7.2% in December. It's currently 7.1%.

"All the gains we've seen from the peak last fall to now, they've gone to people less than 55 years old," said Heidi Shierholz, labor economist with the Economic Policy Institute.

http://money.cnn.com/2010/06/28/news/economy/older_workers_unemployment/index.htm

[KonaKane]

1. Should read "October 2009"

You're right.

[Radical Activist]

2. Younger workers have higher unemployment and we're told to worry most about older workers?

This is one fucked up article. Let me guess, the editor who assigned the story is an older worker.

I'd like to see some numbers about the number of young workers who are underemployed and/or off the statistics because they moved back home after college without a job. Or they could have mentioned that younger workers don't have retirement funds to dip into. They likely have no savings at all or massive students loans to pay off.

By hey, Medicare and Social Security are the most important things for all of us, right? :eyes:

[LiberalEsto]

6. I'm 58, unemployed

and my husband is struggling on his salary to pay our kids' student loans, because neither one has managed to get a degree despite racking up tens of thousands in loans. One works as a nanny; the other is unemployed. He also pays the younger one's health and car insurance.

Should he have to give up his job? When 3 other people depend on him?

By the way, he's the only American citizen in a department of about 30 IT professionals. If younger Americans want jobs, fight against those H1B and other visas that allow people from other countries to come here and take over jobs that should be yours. The corporations that hire cheap foreign labor or send jobs overseas are the REAL enemy, not us older folks.

[Greyhound]

3. K&R, but the limited number of groups and their breakdown conceals an even more

depressing truth.
:kick: & R

[SocialistLez]

4. Divide and conquer I guess?

Old vs young rather than working class vs elite

Ageism is just like so many other the other -isms that divide the people to keep them from rioting.

[Swamp Rat]

5. The two lines will eventually cross as the terminal sociopathy of this nation progresses

The young will eventually become slaves to the undisclosed few, and the old will become food for the young.

[happy_liberal]

7. Why don't the cancel the 'free' trade agreements?

Free trade isn't free.