Good News for Older Workers

Posted June 28, 2012
By Clay Cerny

Francine Knowles of the Chicago Sun-Times reports that workers 55 years or older have had more success finding jobs.  This trend is also true of workers age 20-24 and those 25-34.  This is good news.  However, some groups have not been so lucky.

The groups that have seen job loss are 35-54 and teenagers.  Teens always suffer during periods of high unemployment.  Middle-aged workers are often earning high wages, which motivates employers to lay them off in favor of lower-paid, younger workers.

Overall, the job market is still only ticking up.  As I often say, that’s macroeconomics, and it’s important for how we live as a society.  For individuals, the unemployment rate is less important.  Job churn means that individuals will find job opportunities if they search the right way.  Whatever your age, be ready to look for a job and be ready if an employer asks for your resume. When it comes to your career, only two questions matter: Do I have a job?  Do I have the kind of job I want?  I call that the 100% rule.