| July 22, 2010 | E-mail news for employers |
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- Column: More boomers are expected to become entrepreneurs
The number of baby boomers who own their own businesses will increase sharply in the next decade, writes Mark Miller. The job shortage in the corporate world, as well as boomers' desire to work for themselves, will drive the trend, he writes. Miller also notes that while some boomers will launch large businesses, others will own smaller ventures that allow them to blend work and retirement. The Huffington Post
(7/12)     
- Older workers, job seekers outnumber teenage counterparts
For the first time since 1948, the number of older Americans working or searching for jobs outnumbers the number of teenagers working or seeking employment, according to the Labor Department. The number of people aged 65 and older who are working or looking for work has averaged 6.6 million in the first half of this year compared with the 5.9 million workers between the ages of 16 and 19. Experts say more older workers are staying in the workforce to replenish their retirement plans. Bloomberg
(7/12), NYTimes.com/Economix blog
(7/15)
| Industry & Workplace Trends | | |
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- Interviews are few and far between for unemployed attorney
Attorney Laurie-Ellen Shumaker has applied for more than 1,000 jobs since she was laid off in 2009, and has not received a single interview. "Interviews are like seeking unicorns," she says. "It's hard not to rake through one's brain trying to figure out why. Is it my age or my gender holding me back?" Meanwhile, data from the Bureau of Labor Statistics shows that in May, there were nearly 5 unemployed workers in America for every open position. The Huffington Post
(7/13)
| AARP News | | |
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- Mixed employment picture for older workers in June
The good news in June was a decline in unemployment for the total workforce and for workers 55 and over, with 70,000 fewer older workers classified as unemployed. The bad news: June showed a substantial hike in the number of 55+ individuals who were out of the labor force. About 44.7 million of them were neither working nor looking for work, about 456,000 more than the month before and a far greater increase than in May. The number of older discouraged workers rose by almost 14% in June. Learn more.
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| Law and Regulation | | |
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- Jobless benefits bill moves forward in Senate
The Senate on Tuesday voted to advance legislation that would extend unemployment benefits for millions of Americans. A final vote will be taken Wednesday, and the measure is expected to pass. The bill will then return to the House, where approval is expected. The Washington Post
(7/21)
- House leaders consider boosting retirement age
Leaders of both political parties in the House may support raising the national retirement age. They note that the U.S. cannot afford to pay benefits to individuals who may live for 30 years past their retirement age. One proposal would lift the age that an individual qualifies for Social Security benefits to 70 for people who are now younger than 50. The Washington Times
(7/13)
| SmartQuote | | |
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 | Man must cease attributing his problems to his environment and learn again to exercise his will -- his personal responsibility."
--Albert Schweitzer,
German philosopher, musician, theologian and physician
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