In a report released on March 3, the AARP claims that the last decade was one of the worst for older employees. Most staggering amongst the findings in the report is that older employees unemployment rates jumped over 331% over the last ten years.
Whereas the decade started on a bad note for older employees, with layoffs coming to make way for younger employees, the recession beginning in 2007 and 2008 has only compounded the problems faced by these workers, making the lives of workers 55 and over extremely difficult in these times.
Uncertain economic conditions, eroding pensions and savings, coupled with individuals living longer and healthier lives than previously has all contributed to a glut in unemployed workers 55 and over. This group includes individuals who are looking to return to a career after a break or retirement.
Coupled with unemployment, respondents in the report claimed that they believe their age was a hindering factor in their inability to find adequate employment. These statements reflect the trend that older workers are continually being discriminated against on the basis of their age, and steps need to be taken to protect the rights of elderly workers.