How Long Do Unemployed Older Workers Search for a Job?

Matthew S. Rutledge

IB#14-3

The brief’s key findings are:

  • The Great Recession threw many older individuals out of work, so it is important to understand their job search activity.
  • The results show little tolerance for a lengthy search; the vast majority either find a job or exit the labor force within a year.
  • Those with financial resources, such as Social Security, leave even sooner.
  • Interestingly, the strength of the local labor market does not seem to have much impact on the duration of job search.