posted on Nov, 14 2006 @ 11:26 AM
Older workers in their 50s and 60s nearly close to retirement are losing their middle income jobs. Statistics shows that
But older workers are clearly making up a bigger share of the so-called “mass layoffs” tracked by the U.S. Bureau of Labor Statistics. In the
second quarter of this year, workers 55 and older made up 22.5 percent of the large-scale layoffs tracked by the BLS — nearly double the first
quarter of 2001.
It is sad to see that these age group of adults are having a hard time trying to find another job that will supplement the one that they have lost.
Many of them belong in the manufacturing business.
One of the reasons many of this age group do not get into the nation statistic is because they will fall from the government’s statistical.
Many will give up looking for jobs because they can not find any.
Still many experts say that the jobs been created are raising in wages but the amount of jobs also created are low pay jobs.
But how hard it is for people in the 50’s up to 65 able to find a job that will be in the same pay rate than the one they lost.
Health-care costs could jump 10 percent in ’07
It looks very sad for his age group if this becomes a reality.