patrick.net

https://www.politico.com/news/2023/07/07/the-mtv-generations-unemployment-problem-00105150

The Federal Reserve’s interest rate hikes haven’t knocked the labor market to the pavement. But for Generation X, reality is starting to bite.

Workers born between 1964 and 1980 — those currently aged 44 to 59 — represent “effectively all of the increase” in America’s unemployed population over the last half year, according to research by Glassdoor’s Chief Economist Aaron Terrazas. As of May, those workers represented roughly a quarter of those unemployed, compared to less than 20 percent in late 2022. And it’s taking those workers much longer to find new jobs.