There are about 2.6 unemployed Americans, on average, for each open job, the report shows. That’s close to the ratio of 2 to 1 that is typical of healthier economies. The ratio of unemployed people to available jobs reached a record 6.7 in July 2009, just after the recession ended.
With careful planning, you may find yourself paying the IRS much less than you have in years past.
Financial markets were watching, the retirement accounts of millions of Americans on the line.
Retirements are shrinking the political center in Congress as the fall elections force an answer to the question, “Should I stay or should I go?”
Tom Edwards grew up in a family that’s been cutting trees and hauling timber in the Pacific Northwest for more than a century. The Spanaway, Wash., resident says he has worked as a logger since he was a kid — it’s just what an able-bodied youngster was expected to do.
The nation’s already backlogged immigration courts might soon be thrown into more havoc as roughly half of their 220 judges will be eligible for retirement next year.
To hear Rep. Paul Ryan tell it, a bipartisan group of congressional negotiators has the chance to take the first steps toward fixing a serious problem: a debt-ridden federal government facing an onslaught of retiring baby boomers draining entitlement programs.
Stung by a recession that sapped investments and home values, but expressing widespread job satisfaction, older Americans appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exit from the workforce. Some 82 percent of working Americans over 50 say it is at least somewhat likely they will work for pay in retirement, according to a poll released Monday by the Associated Press-NORC Center for Public Affairs Research.
The Global AgeWatch Index shows that nations are not working quickly enough to cope with a population graying faster than ever before. By the year 2050, seniors over the age of 60 will outnumber children under the age of 15 for the first time in history.
Major League Baseball Commissioner Bud Selig says he plans to retire in January 2015.