Among Older Workers Who Were Displaced During the Recession, Less Than Half Are Reemployed

Among workers who were displaced during the recession [2009 – 2011], „reemployment rates were about 62% for workers ages 20 to 54. Reemployment rates were lower for older workers. The rates for those ages 55 to 64 and 65 years and over were 47% and 24%, respectively. Among those age 65 and over, 49% were no longer in the labor force when surveyed in January 2012,“ according to a 2012 analysis of Current Population Survey data.

Bureau of Labor Statistics. (2012). Worker displacement: 2009-2011. Washington, DC: Bureau of Labor Statistics. Retrieved from www.bls.gov.