Today is: Monday, July 8, 2019 | Our next publication day: Wednesday, July 10, 2019
Older Workers Take a Hit in Latest Jobs Data
Unemployment for Older Workers Surges 12 Percent
Exclusive from Nifty50s
The unemployment report released on Friday from the Bureau of Labor Statistics (BLS) showed the nation’s overall unemployment ticked up to 3.7 percent while the unemployment data for older workers surged 12 percent over May.
BLS data shows that the number of unemployed over age 50 rose to just over 1.6 million in June – the highest level since last January, and up more than 150,000 over May’s figures. MORE
25 Ways We’re Reinventing Ourselves After 50
From careers to relationships to health, how this era
of upheaval, opportunity, and renewal plays out, by the numbers
The data confirms it: As you reach midlife, you’re not alone in feeling the urge to reinvent yourself.
When you look at the numbers for how Americans over the age of 50 are approaching work, marriage, caregiving, fitness, health, and more, what you see are some pronounced shifts. Those range from the growing number of people over 50 starting a business to the rapidly rising gray divorce rate to a renewed resolve to finally eat healthy. MORE
New Evidence of Age Bias in Hiring,
and a Push to Fight It
by Patricia Cohen at nytimes.com
Across the United States, mammoth corporations and family businesses share a complaint: a shortage of workers. As the unemployment rate has tunneled its way to a half-century low, employers insist they must scramble to lure applicants.
The shadow of age bias in hiring, though, is long. Tens of thousands of workers say that even with the right qualifications for a job, they are repeatedly turned away because they are over 50, or even 40, and considered too old. MORE
How to Connect with Someone on LinkedIn
by Jon Shields at jobscan.co
You’ve been told you need to be on LinkedIn. You created your account, wrote a killer LinkedIn profile, and optimized it for recruiters, but that’s only the start. Only about half of LinkedIn users have logged on in the past month and countless accounts are empty, outdated, and abandoned. To get the most out of LinkedIn, you must reach out to and connect with your colleagues and industry peers.
Adding quality LinkedIn connections improves your job prospects whether you’re actively searching or simply keeping an open mind to career opportunities. For example, expanding your network will increase the number of first-, second, and third-degree connections between you, recruiters, and hiring managers, which helps you rank higher in LinkedIn Recruiter Search results. MORE
More help for the 50+ job seeker:
Are You Paralyzed?
The sudden shock of older job loss can be immobilizing
The shock of losing one’s job – quite possibly a job you’ve held for 10 or 20, or more years – can be devastating. And understandably so.
Even for those individuals who claim that they saw the writing on the wall and knew “their day” was coming, it’s still a like a hard slap in the face.
Once the initial shock wears off and you face the reality that, for the first time in years, you need to hit the pavement, you begin to realize what you’re up against. Despite the strong jobs reports coming out of Washington, the job market today is very different from the last time you were out there.
You need a new resume. You need a cover letter. You need references. You’re suddenly faced with ATS (automated tracking systems) job applications. You learn that you absolutely have to have a LinkedIn profile. (Congratulations if you’re familiar with LinkedIn. Can you imagine what it must be like for someone who knows nothing more than just the name?)
When you face all that reality at once… POW! It’s easy to understand how many older job seekers can become paralyzed.
But what to do? How do you discard the shackles of the older worker’s 21st Century job search? The simple answer is: it’s not easy. But do it, you must.
Start with one of your strengths. You’ve been around a while. You know people. Reach out to them. From them you can begin to learn what the job market is like – in your community, in your industry.
Join a jobs group. There you will find many people who share your circumstances. You’ll make new contacts. You’ll learn more about all the things mentioned above. Check your local library and/or community college for sessions on LinkedIn, resume writing, navigating the ATS, upgrading your skills, etc.
Do as many of these things as possible and you’ll learn and learn a lot. You’ll also get more comfortable with your situation and learn that you’re not alone. Getting out and about may get you into a routine on which you can expand as you go.
No one is saying that it is, or will be easy. That should not be surprising. But, most important, you need to move off the center square. And, even though you won’t collect $200, you need to pass “Go” and start on your next trip around the game board.