Posted at 3:53 PM on July 22, 2009
by Paul Tosto
Filed under: Jobs & unemployment
The recession torpedoed the plans of many people 55 and older. Now comes new data showing those folks are having a hard time getting hired and they're looking, increasingly, at entry-level work and internships.
Twenty-eight percent of workers age 55 and older who were laid off in the last 12 months found new jobs, the lowest of all age groups, according to Careerbuildber.com.
Sources in our Public Insight Network can attest to that. Ron Mazurowski of Woodbury was a citizenship teacher, teaching immigrants, for a nonprofit. He told us recently his economic outlook was bleak:
I was laid off on May 1 and can't even find something to apply for, at least in the private sector. Everyone wants specific work experience and being in the nonprofit sector for 12 years and 11 yrs. previously with the fed govt., I'm really limited to what I can apply for. I'm 59 and 1/2 yrs old but after the stock market crash, my retirement funds are too low to tap into.
Nearly two-thirds of workers age 55 and older who were laid off in the last 12 months said they have applied for lesser jobs than they had with some now competing with new college grads for entry level jobs and internships, according to the Careerbuilder survey.
More than 2 million people aged 55 and older were out of work in June, a 7 percent jobless rate and higher than in in April when the rate for that group hit the highest point since the feds began collecting data in 1949, according to the AARP.
We'll check in with Ron through the summer and fall to see how his search is going.
Back in November, my colleague Mike Caputo did a nice story highlighting people of different age groups, all trying to find full-time work in this economy.
Check out the map below for other stories people in our network are telling us about the job situation around them. Then share your story.