Thank you for sharing!

Your article was successfully shared with the contacts you provided.
older male businessman holding tablet in office (Photo: Shutterstock)

Unemployment rates for workers ages 55 and older have exceeded those of mid-career employees throughout the COVID-19 pandemic. This is the first time such an employment gap has existed for six months or longer since 1973, according to a report from the New School’s Schwartz Center for Economic Policy Analysis.

In every recession since the 1970s, older workers had persistently lower unemployment rates than mid-career workers (ages 35-54), partly because of the benefits of seniority.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.