Tag: unemployment
The brief’s key findings are: State and local government employment dropped sharply during the Great Recession, unlike in previous recessions, and continues to decline even today. But this decline in public sector employment was less severe than that experienced by the private sector. Being a state/local worker reduced the probability of job loss by 2 percentage points,…
Abstract In economic downturns prior to the Great Recession, workers over age 50 had escaped relatively unscathed. But the unemployment rate for older workers soared to record highs during the Great Recession. This paper projects how older workers will fare across a broad set of financial outcomes over the remainder of this decade. The mod…
