Losing your job later in life can be particularly devastating. Once unemployed, older workers generally take longer to find work than their younger counterparts. The average duration of unemployment for those age 55 and older in September was 42 weeks, which is more than nine weeks longer than the average younger person was out of work. Click here to find out more! Older workers who are currently employed must take steps to insulate themselves from job loss. Many already seem to be doing this. The unemployment rate for those age 55 and older was 7.2 percent in September, compared with 9.6 percent among the population as a whole. Here are some tips to help you hold on to your job as you approach retirement.
