Older Men’s Bargaining Power Hit by 36% Decrease in Job Tenure
2.9% unemployment rate for workers age 55 and older in December
The Bureau of Labor Statistics (BLS) today reported a 2.9% unemployment rate for workers age 55 and older in December, which represents no change from November.
Despite the low headline unemployment rate, changes in job tenure over the last 30 years have reduced older workers' bargaining power, especially older men. In 1987, the ...
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