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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

Former Gov. Deval Patrick has decided not to run for president and plans to announce his decision soon, a source close to the Massachusetts Democrat tells CNN.Patrick, a two-term governor and close ally to former President Barack Obama, had been considering a 2020 run after entering the private sector and taking a job at Bain Capital in 2015. He had upped his political involvement ahead of the 2018 midterms -- endorsing candidates in South Carolina, Texas, New Jersey and a handful of other states -- leading many to believe he was going to jump into the race.Patrick, despite the speculation that he was going to run, had repeatedly acknowledged the enormity of the decision."It's on my radar screen," Patrick told a public radio station in Kansas City during the midterms, adding that "it's a huge decision.""I am trying to think through 2020," Patrick said. "And that's a decision I'm trying to think through from a personal and family point of view."Patrick also expressed concerns about standing out in what is expected to be a wide-open Democratic field."It's hard to see how you even get noticed in such a big, broad field without being shrill, sensational or a celebrity," Patrick told David Axelrod, a former top Obama adviser, in September. "And I'm none of those things and I'm never going to be any of those things."A spokesman for Patrick declined to comment on the governor's decision not to run for President, which was first reported by Politico.Patrick has been receiving private support from many of the same aides and advisers who helped Obama vault into the White House in 2008."Deval would make an outstanding President," Valerie Jarrett, Obama's former senior adviser, told the New Yorker in November. "President Obama and Deval are very much alike in terms of their core values, what drove them into public service, their willingness to lend a hand, the responsibility to give back." 1918

Former presidents Barack Obama, George W. Bush and Bill Clinton all say they plan to receive a COVID-19 vaccine when it becomes available to them, and all have offered to take the vaccine in a public setting to demonstrate the safety and importance of vaccinations, according to CNN and NBC News.In an interview with SiriusXM radio host Joe Madison, which will air Thursday, Obama said he trusts health experts like Dr. Anthony Fauci "completely" and will follow their recommendations when it comes to vaccines."People like Anthony Fauci, who I know, and I've worked with, I trust completely. So, if Anthony Fauci tells me this vaccine is safe and can vaccinate — you know, immunize you — from getting COVID, absolutely, I'm going to take it," Obama said."I may end up taking it on TV or having it filmed, just so that people know that I trust this science, and what I don't trust is getting COVID."Obama's predecessor, George W. Bush, has also committed to receiving the vaccine publicly. According to NBC News, top Bush aide Freddy Ford said that the 43rd president would take the vaccine publicly when it is authorized."First, the vaccines need to be deemed safe and administered to the priority populations. Then, President Bush will get in line for his, and will gladly do so on camera," Ford said.Finally, representatives for former president Bill Clinton also confirmed to CNN that he would also receive the vaccine in a public setting when he is able to do so."President Clinton will definitely take a vaccine as soon as available to him, based on the priorities determined by public health officials. And he will do it in a public setting if it will help urge all Americans to do the same," his press secretary Angel Urena said.During his interview with Joe Madison, Obama said he understands why some Americans — especially those in the Black community — are hesitant to get vaccines. He cited the Tuskegee experiments, a 40-year experiment where doctors knowingly failed to treat Black men who were suffering from syphilis in order to study the effects.However, Obama stressed that widespread vaccinations are extremely important in keeping Americans and their neighbors safe and free of disease."The fact of the matter is, is that vaccines are why we don't have polio anymore, the reason why we don't have a whole bunch of kids dying from measles and smallpox and diseases that used to decimate entire populations and communities," Obama said. 2463

For each step on his morning run, Rodney Everett takes a deep breath. The air in his lungs is fresh for the first time in 50 years."You come out in the morning and see the sky is yellow, and you smell this smell," said Everett.The smell came from the largest oil refinery on the east coast, Philadelphia Energy Solutions. The refinery sat a few blocks from Everett’s South Philadelphia neighborhood. 408

FRESNO, Calif. (KGTV) -- A Fresno man accidentally lit his parents' home on fire while trying to kill spiders with a blowtorch, according to KGO.The fire happened Tuesday night at a house in the Woodward Lake housing development while the man was reportedly house sitting for his parents. A total of 29 firefighters responded to the home. No one was injured and the man who called firefighters made it out safely. RELATED: SDSU researchers find unbelievable benefits to black widow spider silkCrews say the exact cause of the fire is undetermined, but they believe the blowtorch is to blame. 614

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