Economy

The number of people 45 and older who have been jobless for more than a year has quadrupled since 2007, accounting for nearly half of the 3.5 million Americans out of work for more than a year, according to the US ­Department of Labor.

Corporations have a social—and fiduciary—responsibility to develop and provide products and services for older people

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"In the current listless economy, every generation has a claim to having been most injured. But the Labor Department's latest jobs snapshot and other recent data reports present a strong case for crowning baby boomers as the greatest victims of the recession and its grim aftermath."

Nearly Two-Thirds of Those Between 45 and 60 Plan Delays, a Steep Rise From Two Years Ago

As we have done before in times of regional, national and international disasters, Families and Work Institute (FWI) is gathering and posting "impact," "response," "best practice," "assistance" and "future preparedness" information from our network in the wake of hurricane Sandy and the subsequent nor'easter. Collecting and sharing brief stories of what organizations like yours are doing benefits both employees and employers.

"While salaried employees worked if they could, often from home after Hurricane Sandy, many of the poorest New Yorkers faced the prospect of losing days, even a crucial week, of pay on top of the economic ground they have lost since the recession."

"While there have always been part-time workers, especially at restaurants and retailers, employers today rely on them far more than before as they seek to cut costs and align staffing to customer traffic. This trend has frustrated millions of Americans who want to work full-time, reducing their pay and benefits."