Laid-off baby boomers face longer unemployment than most

11/11/2013 | Los Angeles Times (tiered subscription model)

Baby boomers who lost their jobs after the global financial crisis have remained unemployed considerably longer than the labor force as a whole. About 2 million people 55 and older have been unable to find a job in the U.S., and those who succeed in getting a new job often have had to accept larger pay cuts than those faced by younger laid-off co-workers.

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