US unemployment rate falls for older workers

Created: 10/03/2014 2:52 PM WHEC.com
By: The Associated Press

WASHINGTON (AP) — Workers older than 55 benefited from the September surge in hiring.

The unemployment rate for this group of baby boomers fell to 3.9 percent from 4.6 percent as 230,000 people of them landed new jobs.

The steady gains for these older workers drove much of the job growth in the September jobs report released Friday.

The overall jobless rate fell 0.2 percentage point to 5.9 percent, its lowest level since July 2008. And employers surveyed by the government reported that they added 248,000 jobs in September. The gains for workers older than 55 came from a separate survey of households that is part of the Labor Department's monthly jobs data.

Unemployment rates also fell for other groups, including recent war veterans and college graduates.

Unemployment rate by group:
(Numbers in percentages)September 2014August 2014September 2013
Adult men5.35.77
Adult women5.55.76.2
20-24 years old11.410.612.8
25-54 years old4.95.36.1
55 and over3.94.65.3
Veterans of Iraq/Afghanistan*
No high school diploma8.49.110.4
High school graduate5.36.27.5
Some college5.45.46.1
College graduate2.93.23.7
Duration of Unemployment:
Average length (weeks)31.531.736.8
Jobless 6 months of more (pct.)31.931.236.9
* Not seasonally adjusted
Source: Labor Department

(Copyright 2014 by The Associated Press. All Rights Reserved.)


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