The job market for older workers is even tougher than commonly believed.
That’s the word from the Schwartz Center for Economic Policy Analysis at the New School for Social Research, which has begun issuing “Older Workers at a Glance,” a report of key labor market statistics for workers over 55 as a supplement to its monthly analysis of market trends.
According to the report, the Bureau of Labor Statistics reported a historically low headline unemployment rate for older workers of 3.5 percent in August, a figure used as evidence bolstering a claim that people can continue to work if they have inadequate retirement income.
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