URBAN INSTITUTE Retirement Security Data Brief Program on Retirement Policy Number 9, July 2013 Labor Force Statistics on Older Americans, Second Quarter 2013 Richard W. Johnson and Benjamin G. Southgate The labor market did not improve much in the second quarter of 2013. The overall unemployment rate fell to 7.5 percent, down two-tenths of a point from the first quarter of the year and down more than 2 points from 2010, but it was still substantially higher than in 2007, before the Great Recession began. The share of the population employed declined slightly between the first and second quarters of the year because the percentage participating in the labor force—working or looking for work—fell. Older workers fared somewhat better than their younger counterparts, although older unemployed adults took longer to find work. This brief provides annual and quarterly labor force statistics on older Americans, a growing segment of the workforce. Drawing on data from the Bureau of Labor Statistics’ Current Population Survey, it shows labor force participation rates (the share of the noninstitutionalized civilian population that is employed or looking for work), unemployment rates (the share of the labor force that is on layoff or out of work but looking for work), employment-to-population ratios (the share of the noninstitutionalized civilian population that is employed), and the share of unemployed workers who have been out of work for more than six months. Outcomes are generally reported for men and women ages 55 and older and 62 and older, with breakdowns at ages 62 to 64, 65 to 69, and 70 and older, and compared with those at younger ages. Key findings include the following: The second-quarter labor force participation rate reached 40.5 percent at ages 55 and older and 25.0 percent at ages 62 and older. Compared with 2007, participation rates are higher now for older workers but lower for younger workers. The unemployment rate for older workers declined in the second quarter for older workers, falling to 5.4 percent for those ages 55 and older and 4.9 percent for those ages 62 and older. The employment-to-population ratio also increased slightly over the past quarter for older workers, and remains higher than it was before the Great Recession began. Above half of unemployed workers ages 55 and older have been out of work for more than six months. http://www.retirementpolicy.org/ Labor Force Statistics on Older Americans Table of Contents Labor Force Participation Rates Figure 1: Labor Force Participation Rates by Year and Age, Persons Ages 16 and Older (%) ......................................3 Figure 2: Labor Force Participation Rates by Year and Age, Men Ages 16 and Older (%) ............................................4 Figure 3: Labor Force Participation Rates by Year and Age, Men Ages 62 and Older (%) ........................................... 5 Figure 4: Labor Force Participation Rates by Year and Education, Men Ages 62 and Older (%) ................................6 Figure 5: Labor Force Participation Rates by Year and Age, Women Ages 16 and Older (%) ...................................... 7 Figure 6. Labor Force Participation Rates by Year and Age, Women Ages 62 and Older (%) ..................................... 8 Figure 7. Labor Force Participation Rates by Year and Education, Women Ages 62 and Older (%) ...........................9 Unemployment Rates Figure 8: Unemployment Rates by Year and Age, Persons Ages 16 and Older (%) ..................................................... 10 Figure 9: Unemployment Rates by Year and Age, Men Ages 16 and Older (%) .......................................................... 11 Figure 10: Unemployment Rates by Year and Age, Men Ages 62 and Older (%) ........................................................ 12 Figure 11: Unemployment Rates by Year and Education, Men Ages 62 and Older (%) .............................................. 13 Figure 12. Unemployment Rates by Year and Age, Women Ages 16 and Older (%) ................................................... 14 Figure 13. Unemployment Rates by Year and Age, Women Ages 62 and Older (%) .................................................. 15 Figure 14. Unemployment Rates by Year and Education, Women Ages 62 and Older (%) ........................................ 16 Employment to Population Ratios Figure 15: Employment-to-Population Ratios by Year and Age, Persons Ages 16 and Older (%) .............................. 17 Figure 16: Employment-to-Population Ratios by Year and Age, Men Ages 16 and Older (%) ................................... 18 Figure 17: Employment-to-Population Ratios by Year and Age, Men Ages 62 and Older (%) ................................... 19 Figure 18: Employment-to-Population Ratios by Year and Education, Men Ages 62 and Older (%) ....................... 20 Figure 19. Employment-to-Population Ratios by Year and Age, Women Ages 16 and Older (%) .............................. 21 Figure 20. Employment-to-Population Ratios by Year and Age, Women Ages 62 and Older (%) ............................ 22 Figure 21. Employment-to-Population Ratios by Year and Education, Women Ages 62 and Older (%) .................. 23 Unemployment Duration Figure 22: Unemployed Workers Out of Work for More Than Six Months by Age and Year (%) ............................. 24 Figure 23: Unemployed Men Out of Work for More Than Six Months by Age and Year (%) .....................................25 Figure 24. Unemployed Women Out of Work for More Than Six Months by Age and Year (%) .............................. 26 2 Program on Retirement Policy URBAN INSTITUTE Figure 1. Labor Force Participation Rates by Year and Age, Persons Ages 16 and Older (%) 16+ 25–54 55+ 62+ 2000 67.1 2007 66.1 2009 65.4 2010 64.7 2011 64.1 2012 63.7 2013, Q1 63.5 2013, Q2 63.4 2000 84.1 2007 83.0 2009 82.7 2010 82.2 2011 81.6 2012 81.5 2013, Q1 81.1 2013, Q2 81.2 2000 32.4 2007 38.7 2009 40.0 2010 40.3 2011 40.3 2012 40.5 2013, Q1 40.6 2013, Q2 40.5 2000 2007 17.2 21.6 2009 23.3 2010 23.8 2011 24.2 2012 24.5 2013, Q1 24.8 2013, Q2 25.0 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Persons are considered to be in the labor force if they are working, on layoff, or looking for work. Annual data are monthly averages for the year. Quarterly estimates are seasonally adjusted, except for ages 62+. http://www.retirementpolicy.org/ 3 URBAN INSTITUTE Figure 2. Labor Force Participation Rates by Year and Age, Men Ages 16 and Older (%) 16+ 2000 74.8 2007 73.2 2009 72.0 2010 25–54 71.2 2011 70.5 2012 70.2 2013, Q1 70.1 2013, Q2 69.9 2000 91.6 2007 55+ 90.9 2009 89.8 2010 89.2 2011 88.7 2012 88.7 2013, Q1 88.6 2013, Q2 88.7 2000 2007 40.1 45.2 2009 46.3 2010 46.4 2011 46.3 2012 46.8 2013, Q1 46.8 2013, Q2 46.6 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Persons are considered to be in the labor force if they are working, on layoff, or looking for work. Annual data are monthly averages for the year. Quarterly estimates are seasonally adjusted. http://www.retirementpolicy.org/ 4 Labor Force Statistics on Older Americans Figure 3. Labor Force Participation Rates by Year and Age, Men Ages 62 and Older (%) 62+ 62–64 2000 22.6 2007 26.7 2009 28.7 2010 29.1 2011 29.4 2012 30.1 2013, Q1 29.9 2013, Q2 30.0 2000 46 .9 2007 51.7 2009 55.1 2010 54.6 2011 53.1 2012 54.5 2013, Q1 54.3 2013, Q2 65–69 53.9 2000 30.1 2007 33.4 2009 35.3 2010 35.7 2011 37.5 2012 37.2 2013, Q1 36.8 2013, Q2 70+ 2000 2007 38.0 11.9 14.3 2009 15.1 2010 15.0 2011 15.4 2012 16.2 2013, Q1 16.3 2013, Q2 16.0 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Persons are considered to be in the labor force if they are working, on layoff, or looking for work. Annual data are monthly averages for the year. Quarterly estimates are not seasonally adjusted. 5 Program on Retirement Policy URBAN INSTITUTE Figure 4. Labor Force Participation Rates by Year and Education, Men Ages 62 and Older (%) Not high school graduate 2000 2007 16.1 2009 16.3 2010 2011 2012 High school graduate 14.4 15.7 16.4 16.8 2013, Q1 16.3 2013, Q2 16.6 2000 21.3 2007 24.5 2010 24.4 2011 24.2 2012 2013, Q1 2013, Q2 Some college Four or more years of college 23.9 2009 2000 2007 2009 24.7 24.2 23.8 25.7 27.7 30.9 2010 30.8 2011 30.5 2012 31.9 2013, Q1 31.7 2013, Q2 31.6 2000 2007 2009 2010 32.4 37.3 39.6 40.8 2011 2012 2013, Q1 2013, Q2 41.3 40.8 40.2 40.9 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Persons are considered to be in the labor force if they are working, on layoff, or looking for work. Annual data are monthly averages for the year. Monthly estimates are not seasonally adjusted. http://www.retirementpolicy.org/ 6 URBAN INSTITUTE Figure 5. Labor Force Participation Rates by Year and Age, Women Ages 16 and Older (%) 16+ 25–54 55+ 2000 60.0 2007 59.3 2009 59.2 2010 58.6 2011 58.1 2012 57.7 2013, Q1 57.3 2013, Q2 57.3 2000 76.7 2007 75.4 2009 75.7 2010 75.2 2011 74.7 2012 74.5 2013, Q1 74.0 2013, Q2 73.9 2000 2007 26.1 33.2 2009 34.7 2010 35.1 2011 35.1 2012 35.1 2013, Q1 35.4 2013, Q2 35.3 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Persons are considered to be in the labor force if they are working, on layoff, or looking for work. Annual data are monthly averages for the year. Quarterly estimates are seasonally adjusted, except for ages 55 and older. http://www.retirementpolicy.org/ 7 Labor Force Statistics on Older Americans Figure 6. Labor Force Participation Rates by Year and Age, Women Ages 62 and Older (%) 62+ 2000 13.0 2007 17.6 2009 19.0 2010 19.6 2011 20.0 2012 20.0 2013, Q1 20.6 2013, Q2 62–64 21.0 2000 34.0 2007 41.8 2009 44.0 2010 45.3 2011 44.7 2012 65–69 44.2 2013, Q1 46.2 2013, Q2 46.5 2000 19.4 2007 25.5 2009 26.5 2010 26.9 2011 27.3 2012 27.7 2013, Q1 27.2 2013, Q2 70+ 2000 2007 28.4 5.7 7.7 2009 8.4 2010 8.4 2011 8.4 2012 8.4 2013, Q1 9.2 2013, Q2 9.1 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Persons are considered to be in the labor force if they are working, on layoff, or looking for work. Annual data are monthly averages for the year. Quarterly estimates are not seasonally adjusted. 8 Program on Retirement Policy URBAN INSTITUTE Figure 7. Labor Force Participation Rates by Year and Education, Women Ages 62 and Older (%) Not high school graduate 2000 2007 2009 8.9 8.6 2011 8.6 2012 9.6 2013, Q1 9.5 2000 2007 2009 2010 2011 2012 2013, Q1 Some 8.2 2010 2013, Q2 High school graduate 7.2 9.9 12.9 16.7 16.3 17.0 16.7 16.3 16.0 2013, Q2 17.3 2000 17.3 2007 21.7 2009 23.5 2010 24.1 2011 24.4 2012 24.4 2013, Q1 25.8 2013, Q2 Four or more years of college 2000 2007 25.4 21.1 26.5 2009 2 9.7 2010 30.0 2011 2012 2013, Q1 2013, Q2 3 0.9 30.0 31.3 30.8 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Persons are considered to be in the labor force if they are working, on layoff, or looking for work. Annual data are monthly averages for the year. Quarterly estimates are not seasonally adjusted. http://www.retirementpolicy.org/ 9 Labor Force Statistics on Older Americans Figure 8. Unemployment Rates by Year and Age, Persons Ages 16 and Older (%) 16+ 2000 4.0 2007 4.6 2009 9.3 2010 9.6 2011 9.0 2012 8.1 2013, Q1 7.7 2013, Q2 25–54 7.5 2000 3.1 2007 3.8 2009 8.3 2010 8.6 2011 7.9 2012 7.0 2013, Q1 6.5 2013, Q2 55+ 2000 2007 6.4 2.6 3.2 2009 6.6 2010 7.1 2011 6.6 2012 6.0 2013, Q1 5.8 2013, Q2 62+ 2000 2007 5.4 3.0 3.2 2009 6.4 2010 6.7 2011 6.5 2012 6.0 2013, Q1 6.1 2013, Q2 4.9 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: The unemployment rate is the percentage of the labor force that is on layoff or not working but looking for work. Annual data are monthly averages for the year. Quarterly estimates are seasonally adjusted, expect for ages 62+. 10 Program on Retirement Policy Labor Force Statistics on Older Americans Figure 9. Unemployment Rates by Year and Age, Men Ages 16 and Older (%) 16+ 2000 3.9 2007 4.7 2009 10.3 2010 10.5 2011 9.4 2012 25–54 8.2 2013, Q1 7.8 2013, Q2 7.8 2000 2.9 2007 3.7 2009 9.3 2010 9.3 2011 8.2 2012 6.9 2013, Q1 6.4 2013, Q2 55+ 2000 2007 6.5 2.6 3.2 2009 7.1 2010 7.8 2011 7.0 2012 2013, Q1 2013, Q2 6.3 6.0 5.7 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: The unemployment rate is the percentage of the labor force that is on layoff or not working but looking for work. Annual data are monthly averages for the year. Monthly estimates are seasonally adjusted. 11 Program on Retirement Policy URBAN INSTITUTE Figure 10. Unemployment Rates by Year and Age, Men Ages 62 and Older (%) 62+ 2000 3.1 2007 3.3 2009 6.6 2010 7.3 2011 6.6 2012 6.1 2013, Q1 6.6 2013, Q2 62–64 2000 2007 5.2 2.8 3.2 2009 6.6 2010 7.6 2011 6.6 2012 6.1 2013, Q1 6.5 2013, Q2 65–69 2000 4.8 3.3 2007 3.5 2009 7.2 2010 8.2 2011 7.0 2012 6.6 2013, Q1 7.7 2013, Q2 70+ 2000 2007 5.6 3.4 3.2 2009 6.1 2010 5.7 2011 6.0 2012 2013, Q1 2013, Q2 5.6 5.3 5.2 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: The unemployment rate is the percentage of the labor force that is on layoff or not working but looking for work. Annual data are monthly averages for the year. Quarterly estimates are not seasonally adjusted. http://www.retirementpolicy.org/ 12 Labor Force Statistics on Older Americans Figure 11. Unemployment Rates by Year and Education, Men Ages 62 and Older (%) Not high school graduate 2000 4.6 2007 5.7 2009 9.6 2010 11.2 2011 9.0 2012 8.5 2013, Q1 8.3 2013, Q2 High school graduate 7.7 2000 3.4 2007 3.3 2009 2010 8.1 2011 6.9 2012 6.8 2013, Q1 7.4 2013, Q2 Some 4.3 2000 3.1 2007 2009 7.7 2010 8.3 2011 7.8 2012 6.9 2013, Q1 7.5 2013, Q2 Four or more years of college 7.3 2000 2007 2009 2.4 4.6 2010 5.4 2011 2012 5.2 4.9 2013, Q1 2013, Q2 5.3 4.5 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: The unemployment rate is the percentage of the labor force that is on layoff or not working but looking for work. Annual data are monthly averages for the year. Quarterly estimates are not seasonally adjusted. 13 Program on Retirement Policy Labor Force Statistics on Older Americans Figure 12. Unemployment Rates by Year and Age, Women Ages 16 and Older (%) 16+ 2000 4.1 2007 4.5 2009 8.1 2010 8.7 2011 8.5 2012 7.9 2013, Q1 7.7 2013, Q2 25–54 7.2 2000 3.3 2007 3.8 2009 7.2 2010 7.8 2011 7.6 2012 7.1 2013, Q1 6.7 2013, Q2 55+ 2000 2007 6.4 2.6 3.0 2009 6.0 2010 6.2 2011 6.2 2012 5.8 2013, Q1 2013, Q2 5.5 4.9 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: The unemployment rate is the percentage of the labor force that is on layoff or not working but looking for work. Annual data are monthly averages for the year. Quarterly estimates are seasonally adjusted, except for ages 55 and older. 14 Program on Retirement Policy URBAN INSTITUTE Figure 13. Unemployment Rates by Year and Age, Women Ages 62 and Older (%) 62+ 2000 2.8 2007 3.0 2009 6.0 2010 6.0 2011 6.4 2012 5.9 2013, Q1 5.5 2013, Q2 4.7 2000 62–64 2.8 2007 2.8 2009 5.9 2010 5.7 2011 6.1 2012 5.2 2013, Q1 5.2 2013, Q2 65–69 4.2 2000 3.0 2007 3.2 2009 6.3 2010 6.7 2011 6.6 2012 6.6 2013, Q1 5.8 2013, Q2 70+ 2000 2007 5.3 2.4 3.0 2009 6.0 2010 5.6 2011 6.4 2012 5.8 2013, Q1 2013, Q2 5.4 4.6 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: The unemployment rate is the percentage of the labor force that is on layoff or not working but looking for work. Annual data are monthly averages for the year. Quarterly estimates are not seasonally adjusted. http://www.retirementpolicy.org/ 15 Labor Force Statistics on Older Americans Figure 14. Unemployment Rates by Year and Education, Women Ages 62 and Older (%) Not high school graduate 2000 3.9 2007 3.2 2009 7.4 2010 7.5 2011 6.9 2012 7.4 2013, Q1 5.5 2013, Q2 High school graduate 2000 4.3 2.4 2007 2.9 2009 5.4 2010 6.0 2011 6.0 2012 5.4 2013, Q1 5.9 2013, Q2 Some 4.3 2000 3.0 2007 3.3 2009 7.2 2010 6.8 2011 7.9 2012 6.8 2013, Q1 5.3 2013, Q2 Four or more years of college 2000 2007 4.3 2.2 2.6 2009 2010 2011 2012 5.2 4.8 5.2 5.0 2013, Q1 2013, Q2 6.3 5 .2 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: The unemployment rate is the percentage of the labor force that is on layoff or not working but looking for work. Annual data are monthly averages for the year. Quarterly estimates are not seasonally adjusted. 16 Program on Retirement Policy URBAN INSTITUTE Figure 15. Employment-to-Population Ratios by Year and Age, Persons Ages 16 and Older (%) 16+ 2000 64.4 2007 63.0 2009 25–54 59.3 2010 58.5 2011 58.4 2012 58.6 2013, Q1 58.6 2013, Q2 58.6 2000 81.5 2007 79.9 2009 55+ 62+ 75.8 2010 75.1 2011 75.1 2012 75.7 2013, Q1 75.8 2013, Q2 75.9 2000 31.5 2007 37.4 2009 37.4 2010 37.4 2011 37.6 2012 38.0 2013, Q1 38.2 2013, Q2 38.3 2000 2007 16.6 20.9 2009 21.8 2010 22.2 2011 22.6 2012 23.1 2013, Q1 23.2 2013, Q2 23.8 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Annual data are monthly averages for the year. quarterly estimates are seasonally adjusted, except for ages 62+. http://www.retirementpolicy.org/ 17 URBAN INSTITUTE Figure 16. Employment-to-Population Ratios by Year and Age, Men Ages 16 and Older (%) 16+ 2000 71.9 2007 69.8 2009 25–54 64.6 2010 63.7 2011 63.9 2012 64.4 2013, Q1 64.6 2013, Q2 64.5 2000 89.0 2007 55+ 87.5 2009 81.5 2010 81.0 2011 81.4 2012 82.5 2013, Q1 82.9 2013, Q2 82.9 2000 39 .1 2007 43.7 2009 43.0 2010 42.8 2011 43.1 2012 43.8 2013, Q1 44.0 2013, Q2 43.9 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Annual data are monthly averages for the year. Quarterly estimates are seasonally adjusted. http://www.retirementpolicy.org/ 18 Labor Force Statistics on Older Americans Figure 17. Employment-to-Population Ratios by Year and Age, Men Ages 62 and Older (%) 62+ 2000 21.9 2007 25.8 2009 26.8 2010 27.0 2011 27.5 2012 28.3 2013, Q1 27.9 2013, Q2 62–64 28.4 2000 45.6 2007 50.1 2009 51.5 2010 50.5 2011 49.6 2012 51.1 2013, Q1 50.8 2013, Q2 65–69 51.3 2000 29.1 2007 32.2 2009 32.7 2010 32.8 2011 34.9 2012 34.8 2013, Q1 34.0 2013, Q2 70+ 2000 2007 35.9 11.5 13.8 2009 14.2 2010 14.1 2011 14.4 2012 15.3 2013, Q1 15.5 2013, Q2 15.1 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Annual data are monthly averages for the year. Quarterly estimates are not seasonally adjusted. 19 Program on Retirement Policy URBAN INSTITUTE Figure 18. Employment-to-Population Ratios by Year and Education, Men Ages 62 and Older (%) Not high school graduate 2000 2007 2009 2010 2011 2012 High school graduate 15.2 14.7 13.9 14.9 15.4 2013, Q1 15.0 2013, Q2 15.2 2000 2007 20.6 23.1 2009 22.6 2010 22.4 2011 22.5 2012 Some 13.7 23.1 2013, Q1 22.4 2013, Q2 22.6 2000 2007 2009 26.8 28.6 2010 28.2 2011 28.1 2012 2013, Q1 2013, Q2 Four or more years of college 24.9 2000 2007 2009 2010 2011 2012 2013, Q1 2013, Q2 29.7 29.3 29.8 31.7 36.4 37.8 38.6 39.2 38.8 38.0 39.2 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Annual data are monthly averages for the year. Quarterly estimates are not seasonally adjusted. http://www.retirementpolicy.org/ 20 URBAN INSTITUTE Figure 19. Employment-to-Population Ratios by Year and Age, Women Ages 16 and Older (%) 16+ 2000 57.5 2007 56.6 2009 25–54 54.4 2010 5 3.6 2011 53.2 2012 53.1 2013, Q1 52.9 2013, Q2 53.2 2000 74.2 2007 72.5 2009 55+ 70.2 2010 69.4 2011 69.0 2012 69.2 2013, Q1 69.0 2013, Q2 69.2 2000 25.5 2007 32.2 2009 32.6 2010 32.9 2011 32.9 2012 33.1 2013, Q1 33.3 2013, Q2 33.5 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Annual data are monthly averages for the year. Quarterly estimates are seasonally adjusted., except for ages 55 and older. http://www.retirementpolicy.org/ 21 Labor Force Statistics on Older Americans Figure 20. Employment-to-Population Ratios by Year and Age, Women Ages 62 and Older (%) 62+ 2000 12.7 2007 17.0 2009 17.8 2010 18.4 2011 18.7 2012 18.8 2013, Q1 19.4 2013, Q2 62-64 20.0 2000 33.0 2007 40.7 2009 41.4 2010 42.7 2011 42.0 2012 41.9 2013, Q1 43.8 2013, Q2 65-69 44.5 2000 18.8 2007 24.7 2009 24.9 2010 25.1 2011 25.5 2012 25.9 2013, Q1 25.6 2013, Q2 70+ 2000 2007 26.9 5.6 7.5 2009 7.9 2010 7.9 2011 7.8 2012 8.0 2013, Q1 8.7 2013, Q2 8.7 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Annual data are monthly averages for the year. Quarterly estimates are not seasonally adjusted. 22 Program on Retirement Policy URBAN INSTITUTE Figure 21. Employment-to-Population Ratios by Year and Education, Women Ages 62 and Older (%) Not high school 2000 2007 2009 8.2 8.0 2011 8.0 2012 8.9 2013, Q1 8.9 2000 2007 2009 9.5 12.6 16.2 15.4 2010 15.9 2011 15.7 2012 2013, Q1 Some 7.9 2010 2013, Q2 High school graduate 6.9 15.4 15.1 2013, Q2 16.6 2000 16.7 2007 2009 21.0 21.8 2010 22.4 2011 22.4 2012 Four or more years of college 22.8 2013, Q1 24 .2 2013, Q2 24.4 2000 2007 2009 2010 2011 2012 2013, Q1 2013, Q2 20.6 25.8 28.2 28.6 29.3 28.5 29.8 30.1 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Annual data are monthly averages for the year. Quarterly estimates are not seasonally adjusted. http://www.retirementpolicy.org/ 23 Labor Force Statistics on Older Americans Figure 22. Unemployed Workers Out of Work for More Than Six Months by Age and Year (%) 16+ 2007 17.6 2009 31.5 2010 43.3 2011 43.7 2012 25–54 41.0 2013, Q1 37.9 2013, Q2 37.8 2007 19.9 2009 33.4 2010 46.7 2011 47.0 2012 44.3 2013, Q1 40.4 2013, Q2 55–64 41.8 2007 24.0 2009 39.2 2010 54.2 2011 55.4 2012 53.1 2013, Q1 48.0 2013, Q2 65+ 2007 50.5 18.1 2009 40.0 2010 51.8 2011 54.2 2012 2013, Q1 2013, Q2 52.1 44.2 50.8 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Annual data are monthly averages for the year. Quarterly estimates are not seasonally adjusted. 24 Program on Retirement Policy Labor Force Statistics on Older Americans Figure 23. Unemployed Men Out of Work for More Than Six Months by Age and Year (%) 16+ 2007 18.2 2009 31.7 2010 44.6 2011 44.0 2012 41.6 2013, Q1 37.3 2013, Q2 25–54 2007 38.3 19.7 2009 33.1 2010 47.7 2011 46.9 2012 44.2 2013, Q1 38.6 2013, Q2 55–64 41.7 2007 26.5 2009 39.6 2010 54.5 2011 56.0 2012 53.5 2013, Q1 47.8 2013, Q2 65+ 2007 51.0 23.1 2009 41.7 2010 53.9 2011 58.2 2012 2013, Q1 2013, Q2 51.6 43.1 53.2 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Annual data are monthly averages for the year. Quarterly estimates are not seasonally adjusted. 25 Program on Retirement Policy URBAN INSTITUTE http://www.urban.org/ Figure 24. Unemployed Women Out of Work for More Than Six Months by Age and Year (%) 16+ 2007 16.8 2009 31.2 2010 41.5 2011 43.3 2012 40.4 2013, Q1 38.6 2013, Q2 25–54 37.2 2007 20.0 2009 33.8 2010 45.4 2011 47.0 2012 44.3 2013, Q1 42.7 2013, Q2 55–64 42.0 2007 21.1 2009 38.6 2010 53.8 2011 54.7 2012 52.6 2013, Q1 48.1 2013, Q2 65+ 2007 49.8 11.5 2009 37.8 2010 48.8 2011 49.1 2012 2013, Q1 2013, Q2 52.8 45.7 47.4 Source: Urban Institute Program on Retirement Policy estimates from Bureau of Labor Statistics data. Notes: Annual data are monthly averages for the year. Quarterly estimates are not seasonally adjusted. Copyright © July 2013. The Urban Institute. The views expressed are those of the author and do not necessarily reflect those of the Urban Institute, its board, its sponsors, or other authors in the series. Permission is granted for reproduction of this document, with attribution to the Urban Institute.