4 years, 2 months ago
Older workers face higher unemployment amid virus pandemic
Associated PressFor the first time in nearly 50 years, older workers face higher unemployment than their midcareer counterparts, according to a study released Tuesday by the New School university in New York City. But in the current recession, older workers experienced higher unemployment rates than midcareer workers in each month since the onset of the pandemic. It found that the pandemic has posed a unique risk for older workers, said Teresa Ghilarducci, director of the New School’s Schwartz Center for Economic Policy Analysis. “The higher rate of unemployment for older workers might be because this is a once-in-a-lifetime chance for employers to shed older workers and not fear investigation by the labor department,” Ghilarducci said.
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