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Unemployment rate for older workers fell in March

More older workers benefited in March, while hiring stalled for teens and young adults

Unemployment rate for older workers fell in March

WASHINGTON (AP) -- More older people went to work in March, but younger workers lost ground as U.S. employers grew more cautious about hiring.

Among workers 55 and older, an additional 329,000 described themselves as employed in March. Their numbers helped lower that group's unemployment rate to 3.9 percent from 4.3 percent in February.

Fortunes were reversed for younger workers: Unemployment rates for teenagers and those in their early 20s rose.

Overall, the U.S. economy added just 126,000 jobs in March -- the fewest since December 2013. The unemployment rate remained 5.5 percent.

The data for various demographic groups came from a separate survey of households that is part of the Labor Department's monthly jobs data.

Unemployment rate by group:
(Numbers in percentages)March 2015February 2015March 2014
Adult men5.15.26.0
Adult women4.94.96.2
20-24 years old10.410.012.2
25-54 years old4.54.65.6
55 and over3.94.34.7
Veterans of Iraq/Afghanistan*
No high school diploma8.68.49.4
High school graduate5.35.46.3
Some college4.85.15.9
College graduate2.52.73.4
Duration of Unemployment:
Average length (weeks)30.731.735.2
Jobless 6 months of more (pct.)29.831.135.4
* Not seasonally adjusted
Source: Labor Department

Updated : 2021-09-26 09:41 GMT+08:00