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For the first time in nearly 50 years, older workers face higher unemployment than their midcareer counterparts, according to a study released Tuesday by the New School university in New York City.The pandemic has wreaked havoc on employment for people of all ages. But researchers found that during its course, workers 55 and older lost jobs sooner, were rehired slower and continue to face higher job losses than their counterparts ages 35 to 54.It is the first time since 1973 that such a severe unemployment gap has persisted for six months or longer.AARP said the study bolstered concerns about the economic impact of the virus on on older workers. When people over 50 lose their jobs, it typically takes them twice as long to find work as it does for younger workers, the organization representing the interests of older Americans estimates.The pandemic “may be something that is pushing people out of the workforce and they may never get back in,” said Susan Weinstock, AARP’s vice president of financial resilience programing.In every recession since the 1970s, older workers had persistently lower unemployment rates than midcareer workers — partly because of seniority benefits.But in the current recession, older workers experienced higher unemployment rates than midcareer workers in each month since the onset of the pandemic.The older workers’ unemployment rates from April through September were 1.1 percentage points higher than mid-career workers — at 9.7% versus 8.6%. The rates were compiled using a six-month rolling average and were far worse for older workers who are black, female or lack college degrees.Among the newly unemployed older workers is Legasse Gamo, 65. He was laid off in March from his job as a baggage handler at Reagan National airport in the Washington suburb of Arlington, Virginia.While Gamo is afraid of exposing himself to the coronavirus by working around others, he said he has looked for work — because he feels he has little choice but to take any job he can find.The contractor he worked for, Eulen America, has required its laid off employees to reapply for their jobs. Gamo did so but said he has received no reply.The immigrant from Ethiopia supports three grandchildren, ages 6, 12 and 14, who live with him. His daughter is still employed, but her pay is not enough to cover their expenses. Gamo gets 0 a week in unemployment insurance payments and said he has spent almost all of his savings.“I just want to get back to my job as soon as possible to support my family because I’m afraid we will end up homeless,” Gamo said.The New School study focused only on workers with established careers. As a result, it did not examine workers younger than 35.It found that the pandemic has posed a unique risk for older workers, said Teresa Ghilarducci, director of the New School’s Schwartz Center for Economic Policy Analysis.“The higher rate of unemployment for older workers might be because this is a once-in-a-lifetime chance for employers to shed older workers and not fear investigation by the labor department,” Ghilarducci said.She added: “Age discrimination rules are not being tightly enforced. Employers, fearing economic instability, may want to get rid of relatively more expensive workers and take their chances with training new workers when the economy recovers.”Older workers often face age discrimination, making it difficult for them to find jobs. Researchers believe employers laid off and resisted rehiring older adults, in part because they tend to face more serious health risks when infected by the virus.The unemployment spike for older workers could force more of them into early and involuntary retirement, worsen their financial well-being and exacerbate financial disparities already experienced by women, minorities and people without college degrees in terms of retirement security.New School researchers estimated that 1.4 million workers over 55 remain lost their jobs since April and remain unemployed. The figure does not include workers who became unemployed in April and left the work force.The situation could have deep ramifications for older workers close to retirement because their final years on the job are critical for those who have not saved enough for their retirement and expect to work longer to shore up their retirement funds.“Retirement security is very fragile and a lot of them never recovered from the recession in the first place,” said Weinstock, of the AARP. “They were planning on working to make up for money they hadn’t saved and then they aren’t able to make those catch up payments they need.”The Schwartz Center for Economic Policy Analysis at the New School has estimated in research separate from Monday’s study that 43 million people now in their fifties and early sixties will be poor when they become elderly because of economic conditions or a lack of adequate savings in retirement plans.The researchers who conducted the new study recommended that Congress increase and extend unemployment benefits for older workers, discourage withdrawals from retirement accounts, lower Medicare eligibility to 50 and create a federal Older Workers Bureau to promote the welfare of older workers.____AP Business Writer Alexandra Olson contributed to this report from New York 5294
First lady Melania Trump spoke out against cyberbullying Monday as part of her Be Best campaign, warning against "destructive and harmful" uses of social media and once again highlighting a messaging rift between the East Wing and the West Wing."In today's global society, social media is an inevitable part of our children's daily lives," Trump said at a cyberbullying summit in Rockville, Maryland. "It can be used in many positive ways, but can also be destructive and harmful when used incorrectly. This is why Be Best chooses to focus on the importance of teaching our next generation how to conduct themselves safely and in a positive manner in an online setting."At the same time, President Donald Trump was on Twitter, railing against John Brennan, whom he called a "hack" and "the worst CIA Director in our country's history" as summit panelists discussed the need for adults to be "good digital role models" for children. Despite firing off multiple tweets Monday morning, none were about the first lady's Be Best initiatives or her speech.The President's well-known Twitter habit, exemplified last week by his harsh attack on former White House aide Omarosa Manigault Newman, has drawn criticism and highlights the seeming disconnect between the East Wing and the West Wing."When you give a crazed, crying lowlife a break, and give her a job at the White House, I guess it just didn't work out. Good work by General Kelly for quickly firing that dog!" he tweeted.The first lady's spokeswoman sought to downplay any disconnect between the East Wing and the West Wing, calling the first lady "independent.""She's addressed this before. She is well aware of the criticism, but that will not deter her from doing what she feels is right. I would hope most people in this country are proud that they have a strong and independent first lady who only has the best interests of children at heart -- I know I am," the first lady's communications director Stephanie Grisham told CNN.In a White House with a President who makes his own rules -- especially on social media -- his wife has faced criticism for being unable to curb her own husband's behavior. Instead, she's made an independent choice to do what she can."She is aware of the criticism but it will not deter her from doing what she feels is right. The President is proud of her commitment to children and encourages her in all that she does," Grisham said in a statement.Responding to the apparent hypocrisy between the first lady's assertion that social media can be "destructive and harmful when used incorrectly" and the President's own habits, Grisham deflected."Rather than dissecting her remarks, let's focus on the countless children who struggle w bullying & online safety each day," she tweeted.She later described Trump's advocacy against cyberbullying as "a sincere campaign meant to help children."During her speech, the first lady acknowledged that children can be more aware of the "pitfalls" of social media than adults."Let's face it: most children are more aware of the benefits and pitfalls of social media than some adults, but we still need to do all we can to provide them with information and tools for successful and safe online habits," she said. 3246
FORT MYERS, Fla. -- Police have arrested a 14-year-old girl after they say she was behind the wheel of a car that reversed into a patrol car twice -- once with the officer inside -- and led them on a pursuit before crashing into a fence. The girl is facing several felony charges.Police say they were called to a local RaceTrac on Saturday to investigate a suspicious car. When they got on scene, they found a 14-year-old girl behind the wheel. They say she then reversed into the patrol car twice, the second time while the officer was inside, then took off.She led police on a nearly mile-long pursuit until she crashed her car into a fence. The panel of the metal fence was destroyed. Shyvonne Jackson said he was leaving work when he saw the commotion. "Someone could have got hurt. Some kids could have gotten hurt. Somebody could have got their life taken away," he said. The girl is now facing multiple charges, including 10 counts of hit-and-run with property damage and six counts of aggravated battery on an officer. 1090
Fifty-seven years ago Friday, Dr. Martin Luther King Jr. delivered one of the most rousing and iconic speeches of the 20th century on the steps of the Lincoln Memorial. His "I Have A Dream" speech represented a watershed moment in the Civil Rights movement.On Friday — the same day that a new generation marched on Washington to support Black lives — King's speech was released as a digital single, making it available to stream on many music platforms.Legendary music label Motown originally recorded King's speech on Aug. 28, 1963. According to The Detroit Free Press, Billie Jean Brown of Motown recorded the address live with "top-end audio gear and professional engineers," not knowing the impact the speech would have on history. The recording is reportedly one of the highest-quality recordings of the speech in existence.In addition to releasing the speech as a single, Motown also released lost footage of a Coretta Scott King's appearance on "The Ed Sullivan Show" in 1970, and a "March On Washington Playlist" featuring tracks from Black artists like Marvin Gaye, Stevie Wonder and Kendrick Lamar. 1116
Following economic shutdowns to slow the spread of the coronavirus, and with the US still dealing with the spread forthe pandemic, experts from the UCLA foresee a US economic depression into 2023.The researchers say that unemployment levels of 10% could persist into the fall, and 6% unemployment could remain through the end of 2022.US unemployment was below 4% earlier this year."To call this crisis a recession is a misnomer. We are forecasting a 42% annual rate of decline in real GDP for the current quarter, followed by a 'Nike swoosh' recovery that won't return the level of output to the prior fourth quarter of 2019 peak until early 2023," writes UCLA Anderson Forecast senior economist David Shulman in an essay titled "The Post-COVID Economy."The researchers note that the economy has already hit rock bottom. But GDP and employment levels won’t see a quick recovery.But Shulman said that the entire economic meltdown cannot be blamed on the coronavirus. Shulman and UCLA researchers say the pandemic has accelerated economic trends that were already moving toward increased digitization of business functions and online commerce. 1149