In January 2021, 275,000 women dropped out of the labor force, amounting to roughly 80% of all workers over the age 20 who exited the workforce last month. The total number of women who have exited the labor force since February 2020 comes to more than 2.3 million. By comparison, nearly 1.8 million men have left the labor force during this same time frame.
The workplace is transforming before our eyes. And jobs are the story, as populations world-wide continue to age and confront the impact of longevity and financial security.
According to LinkedIn research, 42 percent of hiring managers surveyed say they view volunteer experience as equivalent to formal work experience. “Discounting skills gained in volunteer work is a common mistake made by those trying to find a new career in the nonprofit sector,” says Laura Gassner Otting, the founder of Nonprofit Professionals Advisory Group, […]
If you’ve lost your job — whether you’ve been laid off or fired — you’ll probably want to collect unemployment benefits. It can be a hassle to file a claim, and you may feel a twinge of embarrassment, but get over it. This benefit can help you stay financially secure during your job search. “I […]
As hard as he tried, Michael Duffy couldn’t find a job to match the one he’d lost. For two decades he earned six figures selling equipment to factories. But at 62, he kept getting turned away, one job interview after another. So last fall he started at Starbucks. He wears a green apron, wipes tables, […]
Pundits are saying President Obama’s State of the Union focused on small-bore ideas. But for older Americans looking for help from Washington to find work or to save for retirement, I’d say it was more like small beer. Below are the key proposals from the speech plus views about them from experts I’ve consulted and […]
This week’s column is different from the usual question-and-answer format. I would like to share some thoughts from participating in the AARP conference Work@50+ recently held at the Long Beach Convention Center. The attendance was exceptional — 1, 000 people with at least three-quarters of them looking for work. It’s one thing to read the […]
ROCKFORD, Ill. (AP) — When Charlie Worboys lost his job, he feared searching for a new one at his age might be tough. Six years later, at 65, he’s still looking. Luanne Lynch, 57, was laid off three times in the past decade and previous layoffs brought jobs with a lower salary; this time she […]
What are Americans most worried about, saving for retirement, or having a secure job? According to a recent survey by the nonprofit, nonpartisan Employee Benefit Research Institute, workers and retirees alike identify job uncertainty as the most pressing financial issue facing most Americans today. The survey canvassed 251 retirees and 1,003 workers, ages 25 and older, in January. There […]