View source for Recovery Summer 2010

==Unemployed over 50 may never work again==
[[File:Elder workers.jpg|150px|left|thumb|Senior workers may be the first written off and forgotten as a result of the [[American Recovery and Reinvestment Act of 2009]].''' ]]
The '''''New York Times''''' has reported older [[unemployed]] workers over 50 years of age may never work again in their lifetimes.<ref>[https://www.nytimes.com/2010/09/20/business/economy/20older.html?_r=1]</ref>  Of the 15,000,000 who are now unemployed since President Obama took office, 2,200,000 are 55 or older. The unemployment rate in this group is 7.3 percent, an all-time high, and more than double what it was at the beginning of the latest recession. 
Nearly half of them have been unemployed six months or longer, according to the Labor Department. 

In today's job market, because it will take years to absorb the giant pool of unemployed at the pace set by current  [[Washington]] policymakers, many of these older people may simply quit looking for work and begin an early, impoverished, retirement.