6 Worst Cities for Retirees to Find Work

by InvestorPlace Staff | January 25, 2012 2:20 pm

6 Worst Cities for Retirees to Find Work

The recession’s blow to retiree savings is actually a double whammy: Because of portfolio losses, more retirees need to work, but because of the recession, there’s less work for everyone — but especially for those who are over 65.

The folks at 24/7 Wall St. reviewed employment data from the Bureau of Labor Statistics to identify the cities with the highest unemployment rates for Americans 65 and older[1].

These cities do not necessarily have the highest unemployment rates among the general population, just for those over 65. In ascending order of their age-60+ unemployment rates, they are:

6. Austin-Round Rock-San Marcos, Tex.

5. Bridgeport-Stamford-Norwalk, Conn.

4. Las Vegas-Paradise, Nev.

3. Seattle-Tacoma-Bellevue, Wash.

2. Tampa-St. Petersburg-Clearwater, Fla.

1. Charlotte-Gastonia-Rock Hill, N.C.-S.C.

For a detailed drill-down on each, go to 24/7 Wall St[2].

Endnotes:
  1. identify the cities with the highest unemployment rates for Americans 65 and older: http://247wallst.com/2012/01/25/the-worst-cities-for-retirees-to-find-work/
  2. 24/7 Wall St: http://247wallst.com/2012/01/25/the-worst-cities-for-retirees-to-find-work/2/

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