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Older Low-Income Workers Face Historic Crisis

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Tue Sep 22 2009

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Washington, D.C. (PRWEB) -- In a new study of more than 2,000 low-income unemployed workers age 55 and older, 46 percent need to find jobs so they don't lose their homes or apartments, and approximately half (49 percent) have been looking for work for more than a year.

In July 2009, there were two million unemployed workers age 55 plus; the unemployment rate for this age group was the highest since the Bureau of Labor Statistics began tabulating data by age in 1948.

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The perfect storm - a recessed economy, increased competition for jobs, and age-related employment barriers - has created a crisis for America's older low-income workers, according to the new study conducted by Experience Works, the nation's largest nonprofit provider of community service, training and employment opportunities for older workers.

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