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October 11, 2008    DOL Home > Newsroom > News Releases   

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OPA News Release: [09/24/2004]
Contact Name: Jane Norris
Phone Number: (202) 693-4676

Secretary of Labor Elaine L. Chao Highlights Benefits in Employing Older Americans

AARP Awards Ceremony Recognizes Best Employers

NEW YORK—U.S. Secretary of Labor Elaine L. Chao delivered remarks during the annual AARP Best Employers for Workers Over 50 Awards Ceremony in New York City. The awards honored thirty-five businesses in recognition of their creative, positive working environments for older Americans.

“Older workers have a great story to tell and the news this year is as good as it was last year—even better,” said U.S. Secretary of Labor Elaine L. Chao. “Since 2001, employment among persons ages 55-64 has increased. In fact, the unemployment rate of older workers is 3.7 percent, which is even lower than the national unemployment rate of 5.4 percent. And earnings for full-time older workers have grown at a faster rater than for any other age group since 2001. That’s a tribute to the skills, experience and wisdom that older workers bring to the workplace.”

The AARP’s Best Employers for Workers Over 50 Awards Ceremony pays tribute to employers that excel in recruitment practices, continuing opportunities for advancement, flexible work schedules and benefits for current and retired employees.

AARP invited employers to apply for the Best Employer awards by describing their innovative approaches to hiring older workers in an extensive questionnaire.

By 2008, 40 percent of the U.S. labor force will be age 45 or older, and 8 million more Americans age 55 or older will be working than we had in 1998,” said Chao. “Older workers make up an important segment of the U.S. population and it is important that businesses recruit and benefit from the knowledge, skills and experience these workers have to offer.”

September 19 marked the beginning of National Employ Older Workers Week.

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