Is fired the new retired?
The latest unemployment numbers are out, and as expected they rose. The unemployment rate is now at 10.2 percent, and 190,000 jobs were lost in October. The numbers are surprising and reveal that the recovery on Wall Street is not reaching most of America. But buried in those data are startling numbers of older workers who are being hit hard by the rise in unemployment. Louise Story, business reporter for the The New York Times, brings us the story. The Takeaway’s correspondent Femi Oke went to the New York State Labor Office yesterday to talk to older workers among the job hunters there.
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