Tuesday, February 7, 2023

Over 50s find it easier to find a job again

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It gets difficult again after 60

Over 50s find it easier to find a job again

The unemployment figures allow a surprising conclusion: Over-50s find it easier than younger people to find a new job. The shortage of skilled workers in the Swiss economy defuses the old age guillotine – but does not eliminate it.

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Older employees have better job prospects in Switzerland. (icon picture)

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Nicholas ImfeldEditor Economics

If you are older than 50 and change or lose your job, you will have trouble finding a new job. This is the prejudice that could be substantiated with figures for a long time. But the tide seems to have turned. It is even easier for older people to find a job than for younger people.

The unemployment rate among 50 to 64 year olds has fallen from over 3 percent to 1.9 percent in the past two years. This is below the rate for 25 to 49 year olds, which is 2 percent.

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