Factory closings.
In April, the U.S. Labor Department said there were 53,000 more
women, age 55 and older, who were unemployed than a year earlier.
Last year, a national survey of factory closings in 1998 and 1999
found just 44 percent of laid-off female workers that age had
found new jobs. In addition, 41 percent had given up and left
the job market.
Why?
"We've found that
the longer [unemployed workers] have been with an employer, the
longer they remain unemployed," says John Lawrence, an analyst
with the Georgia Department of Labor. "Many times their salary
is not in line with their actual skills on the market. It's hard
to transfer those [skills] over."
Unfortunately, in an
economy where factories die and service industries grow, people
like this get the brunt of destruction, experts say, particularly
for women 55 and older.
- Source: Atlanta Journal-Constitution
May 27