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Saturday, March 29, 2014

Baby Boomer Job Hunting

People in their 50s and 60s might have a lower overall unemployment rate than their younger counterparts. But when they lose a job, they have a harder time returning to the workforce. Midlife and older job hunters are concerned that their age will hurt their chances of landing work, especially if they’re looking while unemployed.

66 percent of people ages 55 to 64 who are unemployed have been out of work for more than six months, according to an analysis of 2012 census data. That’s more than twice the number of those under 25 who’ve been out of work six months or more.
Ageism is one reason it’s harder for older workers to find a job. Potential employers fear – justly or not – that older workers won’t be able to keep up, won’t know the latest technology or will put in a few years and then retire. To counter these fears and get strategies for success, see the entire article here.

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