How The Coronavirus Punishes Many Older Workers

April 15, 2020

The coronavirus pandemic unemployment numbers are numbing. In the three weeks ending April 4, the depressing tally is 16.8 million Americans have applied for unemployment benefits. The unemployment rate for workers age 55+ climbed from 2.6% to 3.3% in March, according to the AARP Public Policy Institute, as job losses began. Experts expect the unemployment rate of the 55+ workforce will swell dramatically in coming months.

“There is a world of hurt, and it’s going to get worse as it spreads,” says Carl E. Van Horn, director of the John J. Heldrich Center for Workforce Development at Rutgers University. “Older workers are being dragged into the abyss.”

Forbes, April 14, 2020

Recent Posts

NJSPL – New Jersey Employment Concerns Revisited

As 2024 began with yet another surprisingly strong jobs report for the U.S. (353,000 jobs added in January and the unemployment rate steady at 3.7%), and with a full year’s worth of 2023 state-level employment data now available, it’s worth briefly revisiting some of...

New Research: The Traffic Calming Effect of Delineated Bicycle Lanes

Abstract We analyze the effect of a bicycle lane on traffic speeds. Computer vision techniques are used to detect and classify the speed and trajectory of over 9,000 motor-vehicles at an intersection that was part of a pilot demonstration in which a bicycle lane was...

Upcoming Events

Event Series CAREERS

Career Virtual Drop-ins

Virtual

Bloustein Career Development Specialists Cheryl Egan and Andrea Garrido will be in a Zoom Room on Monday's beginning January 22, 2024 (excluding holidays and spring break) to answer questions, provide […]