Sloan Center News
State Employment Rates For Persons Aged 55+
3 February 2009 - Although the aging of the population is a national trend, its impact varies from state to state given the discrepancies in the states' demographic and economic situations. As of 2006, Illinois, Carolina, Michigan, and Louisiana are among some of the states with a higher than average unemployment rate. The east coast also witnessed a higher amount of unemployed population at that time. For instance, Maine, Pennsylvania, and West Virginia all have more than 41% of its population aged 55+ unemployed.
The aging of the U.S. population is expected to continue for the next several decades. Leaders who monitor the unemployment rates in their states should pay attention to the variation among different age groups. Moreover, it would be in the best interests of the states if leaders purposefully assess their state’s readiness for this shift, whether it is upon them now or is anticipated in five years.