Mature Market Experts Stat of The Day: Mature Market Working Longer and Claiming Unemployment

65-staying-in-workforce mature market

Mature Market Experts: more mature market news and stats more often – Mature Market Working Longer and Claiming Unemployment– Whether it is driven by need or the desire to stay connected; more of the mature market is working longer. “The number of unemployed workers 75 and older increased to more than 73,000 in January, up 46% from the prior January. Among workers 65 and older, the jobless rate stands at 5.7%. That’s below the national average, but well above what it was in previous recessions, including the recession of 1981, when it reached at 4.3%.

unemployment-rate-65-plus1 mature market experts

The growing numbers reflect, in part, an increase in the number of older workers. The percentage of people 65 and older who are in the work force rose to 16.8% at year end, from 11.9% a decade earlier. Among people 75 and older, the increase was even greater — to 7.3%, from 4.7%.”

Source: Wall Street Journal

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