Over 55 and Experiencing Lengthy Time period Unemployment
In accordance with a current AARP article:
In September, greater than 1.3 million employees age 55 and older had been unemployed, based on the U.S. Bureau of Labor Statistics. Amongst job seekers in that age group, roughly half have been out of labor for 27 weeks or extra, which places them within the class of long-term unemployed.
This can be a staggering quantity provided that over 50% of all workers 55+ said they were out of the labor force due to retirement.
My tough calculations inform me that about 1 out of each 20 folks within the US who’re over 55 years of age is experiencing long-term unemployment.
Why is that?
Is it ageism?
I’m certain that’s a part of the issue.
Are we a part of the issue?
Sure, we’re a part of the issue.
Let’s talk about each side of this drawback.
Lengthy Time period Unemployment Resulting from Ageism
Lisa Rangel of Chameleon Resumes was just lately interviewed by Andrew Seaman, Senior Editor for Job Search & Careers at LinkedIn Information. The occasion was referred to as How to Overcome Ageism: Using Your Experience to Your Advantage.
Lisa discusses varied thoughts traps to keep away from. It’s straightforward to suppose in case you didn’t get the job it was attributable to ageism. Lisa says within the absence of information we are inclined to fill within the blanks. I discuss with this as Make Stuff Up(MSU) disorder.
I just lately was talking to a lady who was getting a whole lot of interviews however was not touchdown a proposal. She insisted that it needed to be ageism and there was nothing improper together with her interview expertise. She didn’t need to any duty for her efficiency in interviews. Sure, interviews are performances and you might be an actor.
Lisa talks about altering your mindset and the way you deal with ageism.
There is no such thing as a query in my thoughts that ageism is a significant component in that so many employees 55+ are experiencing long-term unemployment however … it’s not the one issue.
Acceleration of Change
The disruption that has occurred because the starting of the pandemic has accelerated change. I mentioned in my put up “Career and Industry Disruption – You Just Can’t Make This Stuff Up!” some fairly outstanding adjustments have occurred.
This has led to the creation of a brand new idea in retail, a dark store. A Darkish Retailer is a brick-and-mortar location that has been shut down and was a middle for achievement operations. Entire Meals Market, an Amazon subsidiary, opened up their first dark store in Brooklyn in the 2nd half of 2020. Walmart is pursuing the same strategy and they’re exploring ghost kitchens.
On high of that 48% of the online purchasing of groceries is done by baby boomers.
We now have been seeing the acceleration of the adoption of synthetic intelligence in nearly the whole lot together with interviewing. Take a look at the put up referred to as Acing the Video Interview, plus the Latest Challenge – HireVue. A lot of you’ve gotten been interviewing with robots and the expertise just isn’t enjoyable.
My query to you is have you ever been adapting to this alteration? I’d hope that you’re embracing the change with enthusiasm.
Adapting Your Mindset to Lengthy Time period Unemployment
I do know a lot of you’ve gotten been unemployed for greater than 6 months. As I write this put up proper earlier than the Christmas holidays of 2021, it certain seems to be just like the pandemic goes to stretch nicely into 2022.
To cite my good friend Thom Singer, you simply should get scrappy. I interviewed Thom twice on the Repurpose Your Profession podcast about what he was doing to adapt to the pandemic. Thom’s talking enterprise was fully shut down because of the pandemic beginning in March of 2020. He may have curled up into slightly ball and stated woe is me. He didn’t and as he says he acquired scrappy.
I recommend you hear to those 2 episodes:
In case you listened to Lisa Rangel you’d have heard talk about adapting your mindset in coping with this new regular.
What Have You Been Doing Whereas Unemployed?
In case you recurrently learn this weblog or take heed to the podcast you’d learn or hear me speak about relevancy. Your years of expertise are irrelevant in case your expertise are usually not related to fixing the issues of as we speak.
How have you ever been preserving your expertise updated? Have you ever been taking coaching to replace your expertise? Have you ever taken on aspect initiatives to realize expertise?
I additionally understand that a lot of you’ve gotten gotten concerned in caregiving. This might be for fogeys, kids, grandchildren. Gaps in your resume attributable to caregiving has been widespread and recruiter and hiring managers settle for this. What it’s a must to do is personal this and be capable to talk about this in your resume, LinkedIn profile, and in interviews. You very probably gained precious expertise going via this.
My mom was in her late 30s after I was born within the mid-Nineteen Fifties. I ended up being chargeable for my mom, i.e. reverse parenting, in my late 30s and early 40s. I realized a LOT that I can clarify. You may too!
Full-time employment will not be on the horizon shortly. I’ve spoken with a whole lot of job membership leaders within the final 6 months. One of many widespread themes has been those that have been going again to work have been taking contract jobs. This pays the payments will get them again into an everyday sample of labor.
A document variety of 55+ employees have began a enterprise. When you’ve got not began a aspect enterprise throughout this time, now is an efficient time to do it. The times of secure full-time employment and that steady paycheck are probably over for a lot of.
You’ll want to get scrappy, be entrepreneurial and develop a development mindset.
Ageism is alive and nicely. If you return to work you’ll probably work for somebody youthful than your self. Perhaps somebody lots youthful than your self. You have to to adapt, adapt and proceed to adapt.
Are you keen to embrace this or proceed to be a part of the group of long-term unemployed?