Middle age unemployment rate unprecedented in modern US history?
Much of the attention during the prolonged U.S. employment crisis has been on high rates of joblessness among young people. Less noticed, but no less significant to many economists, has been the plight of the middle-aged.
More than 3.5 million Americans between the ages of 45 and 64 were unemployed as of May, 39% of them for a year or more-a rate of long-term unemployment that is unprecedented in modern U.S. history, and far higher than among younger workers. Millions more have quit looking for work or, like Mr. Daniel, have taken part-time jobs to get by.
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