Women over 50 bearing the burden of unemployment

Global Business

While some economists are defining the current jobs market as “full employment”, which refers to when most of those willing and able to work are employed. That headline can be misleading.

There are still certain groups of people finding it particularly hard to find a job in the U.S., among them are women over 50.

CCTV’s Karina Huber reports from New York.

Women over 50 face bigger hurdles finding work today than they did before the 2008 financial crisis.

A recent study shows that before the so called “Great Recession”, 23 percent of unemployed women over 50 were out of work for six months or more. In 2013 the number of long-term unemployed had jumped to 50 percent.

Conditions like wanting to work part-time that may enable women to take care of their parents or other family members is a responsibility that women overwhelmingly bear.

Economic expert Teresa Ghilarducci on women over 50 in U.S. job market

CCTV’s Karina Hubert spoke to Teresa Ghilarducci, the director of Schwartz Center for Economic Policy Analysis.

Ghilarducci is also the author of the book, “When I’m Sixty Four: The Plot Against Pensions and the Plan to Save Them”.