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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

Florida prosecutors have charged a Miami police officer they say tried to kick a suspect who was being handcuffed on the ground, in an encounter captured on video.Mario Figueroa, a two-year veteran of the force, was charged Tuesday with assault, a second-degree misdemeanor, after the cell phone video of the incident surfaced last week."Officer Mario Figueroa can have no excuse for the alleged actions seen on the initial videotape," State Attorney Katherine Fernandez Rundle said in a new release. "This community demands respect for all individuals taken into custody."Police said they were beginning the process of firing the officer. 647

Food flew off the shelves in March when the national emergency for COVID-19 was announced. Now, grocers and food manufacturers are working to make sure that doesn’t happen again this winter.“We are a specialty market focusing on the meats and protein,” said Mike Silvestri, general manager at one of three Tony’s Meats & Market locations.Like many grocery stores, both big and small, Tony’s Meats & Market saw the disruption in the supply chain back in March.“What really screwed up a lot of things in this pandemic was people were buying way more than they normally do, not necessarily here, but in the grocery sector in general,” Silvestri said. It's something he is trying to avoid moving forward.“We don’t need to panic buy. I think you buy what you need for the week like you're normally shopping,” he said. “So, just remain calm.”As U.S. coronavirus cases continue to rise--paired with flu season, holidays, and other factors--experts are once again concerned about what the impact on the supply chain might be. So, grocers and food manufacturers are preparing for whatever may come with the winter season, many resorting to stockpiling themselves to avoid running out.“On one side, they're building up inventory to make sure they're ready for it. But on the other side inventory is additional costs,” Jack Buffington, a supply chain expert and professor at the University of Denver, said. “Their concern is the weeks of inventory they had before the pandemic hit was not sufficient for them to run out of supplies. So, particularly for big events like Thanksgiving, to make sure they have ample supply because that's a big moneymaker for them.”For large chain grocery stores, stockpiling in large warehouses is a viable option. For smaller grocers like Tony’s, they only have so much space.“We do have a warehouse. It’s not as monstrous as most people would imagine,” Silvestri said.The company has already prepared by buying pallets of food items to keep at their warehouse to get through the season. “What we would call necessities like pastas, ground beef, pasta sauces, canned items, things like that,” he said.A buyer for Tony’s told us even with the gap of up to three months in June to start getting stuff back in stock, they’ve been stockpiling staple items since March for this winter.“Christmas has begun October 1,” Buffington said. “The entire supply chain is moving things forward. For one reason due to the risk of supply and demand.”“We all had to be on the ball a little bit early this year. Obviously, we start pretty early as it is but because of all the COVID-19 stuff we’ve had to really be mindful of how much we’re looking to shoot over,” Silvestri said. Silvestri said he sees everyone getting concerned about not having enough supply or demand, due to uncertainty.“COVID-19 was a complete catalyst of what you're seeing as a redefinition of the supply chain and the economy,” Buffington said. “I think everybody’s getting scared of not having enough supply and not having enough demand.”As Silvestri and the rest of the crew at Tony's prepare for an uncertain Thanksgiving and Christmas, he says they feel ready.“The pace since COVID-19 started has really been a holiday pace anyway,” he said. 3240

Florida Panhandle officials are trying to figure out how to resume classes after Hurricane Michael damaged or destroyed many schools last week.Schools in at least eight counties -- Washington, Liberty, Jackson, Gulf, Gadsden, Franklin, Calhoun and Bay -- will remain closed until further notice, the office of Gov. Rick Scott said Monday in a news release.The challenge is especially daunting in Bay County."I would say every single school in Bay County has some type of damage, some more extensive than others," said Steve Moss, vice chairman of Bay District School Board. "Some it'll probably take weeks or months to get online. Some it will take years."The only thing left of some of our schools ... is the foundation."Moss said he and his colleagues are working to come up with a plan to get thousands of students back in the classroom as soon as possible."We basically have 26,000 students here in Bay County," he said. "They still need educational services. They still need to learn."High school seniors have been told they will be able to graduate, Moss said. Younger students won't be held back from the next grade."Now, to be able to do that, they have to been in a classroom setting," according to state law, Moss said, with the wreckage of Jinks Middle School's gymnasium in Panama City, Florida, behind him.It was just renovated last month, with a new floor and lighting, Moss said. But now the gym's interior is completely exposed to the elements and the floor is littered with debris.Bay County's school officials are holding a meeting Monday morning to discuss how to get students back in classrooms, Moss said. 1644

FedEx and Happy Returns are partnering up for a new venture: making returns easier.By the end of October, FedEx will accept certain returns without a box or label, the e-commerce return technology company announced in a press release on Tuesday.“We are thrilled to grow with FedEx Office to bring in-person returns to more online shoppers,” said David Sobie, Co-Founder, and CEO of Happy Returns, in the news release. “In a time of retail uncertainty due to the coronavirus, it is incredibly valuable to add an essential services provider like FedEx Office to our growing network.”To make a return, consumers will first need to receive a QR code from either the retailers' or Happy Returns' website, then bring the item(s) and QR code with you to any of the 2,000 FedEx locations across the nation to complete the return.Customers will also be able to make returns at the FedEx stations that'll be available in 343 Walmart stores across the U.S., USA Today reported.In most cases, Happy Returns initiates refunds and exchanges immediately, the company said. 1065