Older Men and Women See Highest Jobless Rate Since Great Depression

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The new faces of the unemployed seem more and more to be middle aged men and women. According to USA Today, "Jobless rates for men and women older than 55 are at their highest level since the Great Depression, government data show. White men over 55 had a record 6.5% unemployment rate in the second quarter, far above the previous post-Depression high of 5.4% in 1983. The jobless rate for older black men was higher — 10.5% — but more than a percentage point below its 1983 peak. The most remarkable change is in the unemployment rate for black women: 12.2%, far below the historic peak of 20% in 1983. Hispanic unemployment is about 6 percentage points below historic highs, too."

In a society where we are raised to believe that hard work and sacrifice will lead to rewards, we are forced to rethink and reprogram ourselves. Older white men especially have been known to lead the workforce and are showing their highest jobless rates in decades. This has led the racial divide in unemployment to shrink drastically.

The question remains where will we go from here. We can only hope the answer is "up".