How Long Do Unemployed Older Workers Search for a Job?
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.