FACT OF THE WEEK
6 in 10 displaced workers aged 55-64 found new jobs in 2016
Among workers who were displaced* from jobs they had held for at least the past 3 years, in 2016 "the reemployment rate was 73% for workers ages 25 to 54...the rates for those ages 55 to 64 and 65 years and over were 60% and 27%, respectively," according to a 2016 analysis of data from the Current Population Survey of the US Census Bureau.
*Displaced workers are defined as persons 20 years of age and older who lost or left jobs because their plant or company closed or moved, there was insufficient work for them to do, or their position or shift was abolished.
||Bureau of Labor Statistics. (2016). Worker displacement: 2013-15. Washington DC: Bureau of Labor Statistics. Retrieved from this source.
29 August 2016
In Africa, 50% of men age 65+ are in the labor force, compared to 10% in Europe
22 August 2016
Almost half of retirees report that retirement is "very satisfying"
15 August 2016
1 in 5 Americans live in households with two or more adult generations
08 August 2016
10 years is median job tenure for men and women ages 55-64