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Older women most often confined to lower-wage jobs

Unemployment statistics from the Bureau of Labor Statistics reported an unemployment rate of 3.7 percent for workers aged 55 and older in October.

By Marlene Y. Satter | Updated on November 04, 2016
Older workers, particularly women, are losing out when it comes to paychecks. Photo: AP.

Older workers, particularly women, are losing out when it comes to paychecks. Not only are they getting stuck in low-wage jobs, but women — who make up a minority of older workers — account for the great majority of older workers in several low-wage fields.

According to a report by economist and retirement expert Teresa Ghilarducci of the Retirement Equity Lab at the New School, unemployment statistics from the Bureau of Labor Statistics reported an unemployment rate of 3.7 percent for workers aged 55 and older in October. 

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