Here’s a chart showing the monthly unemployment level (in thousands) of Americans 50 years and older based on Labor Force Statistics from the Current Population Survey (not seasonally adjusted).
- In January 2006, there were 1,374,000 unemployed Americans 50 and older.
- In December 2007, at the start of the Great Recession, there were 1,398,000 unemployed Americans 50 and older.
- In November 2010, there were 3,475,000 unemployed Americans 50 and older.
The unemployment level among Americans 50 years and older has increased almost two and one-half times since the start of the Great Recession.
As can be seen, although the Great Recession was declared at an end in June 2009, the unemployment level of Americans 50 years and older has continued to deteriorate.
Comments
Unemployed machinists are buying up used machines from bankrupt manufacturers and making a killing subcontracting small parts manufacturing and rebuilding specialty parts from their garage. Corporate debt and expenses are causing products and services to be cut, leaving wide open business opportunities for entrepreneurs in that market niche.
[...] Over Fifty and Out of Work Unemployment 50 or over Recessions [...]
[...] Over Fifty and Out of Work Unemployment 50 or over Recessions [...]