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Fact of the Week: 28 April 2014

One Fifth of Older Job Seekers Found Employment; Another Fifth Stopped Looking

Among workers aged 55-70 who lost jobs but did not retire, the average job-search outcomes in any given four-month period over the four months of unemployment were as follows: 20% of older job seekers find employment; nearly as many—19%—stop looking; and 61% keep searching, according to a 2014 analysis of data from the Survey of Income and Program Participation.
       
Rutledge, M. S. (2014). How long do unemployed older workers search for a job? (Issue Brief No. 14-3). Chestnut Hill, MA: Center for Retirement Research at Boston College. Retrieved from crr.bc.edu.
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