One thing we’ve been interested in, and posted various images about, here at Soc Images is the different ways people experience the current economic crisis. Obviously people will suffer more or less depending on their personal situations — if they had any savings, if they lose their jobs or not, if there are other wage-earners in the household, and so on. While we’re all affected by the recession at least indirectly, for some it’s a much more immediate personal problem than for others. And demographic factors outside our control, such as race/ethnicity, gender, and so on, play a large role in the distribution of the negative impacts (or, for some, the positive ones) of the recession.

Dmitriy T.M. sent in a story from the NYT that looks at the particular hardships faced by older workers. I’m interested in the graph on the left below, which shows historic jobless rates for those over age 55:

On the one hand, the unemployment rate for that group (7.3%) is certainly higher than at any point since the mid-’70s. On the other hand, the jobless rate for 55+ -year-old workers is lower than the overall unemployment rate right now, which is still hovering at about 9.6% (Bureau of Labor Statistics). It’s a case of the decontextualized graph: one that isn’t technically misleading, and that presents data in a straightforward manner, but that, without providing comparisons to other groups, makes it hard to know what to think about the data.

That’s not to discount the difficulties experienced by workers over age 55; it’s surely not comforting to know that the unemployment rate for your age group is below the national average if you, yourself, lose your job. And the graph on the right presents another aspect of joblessness: how long it lasts. When workers over 55 lose their jobs, it tends to take them quite a bit longer to find a new one. As the NYT article points out, with the overall higher rates of unemployment for all age groups, that gap becomes increasingly important: “because it will take years to absorb the giant pool of unemployed at the economy’s recent pace, many of these older people may simply age out of the labor force before their luck changes.” At the same time, the hits many retirement accounts have taken is pushing more people over age 65 to look for work, while others are forced into early retirement simply because they can’t find jobs.

More on race, age, gender, and the recession here.