Paul Solman looks at the challenges older workers face trying to secure a job, let alone retire, amid the downturn.

This video is from the Making Sen$e with Paul Solman video series from PBS. Learn more about these videos and view a listing of the most recent videos we have available.

Key Concepts

Human Capital, Labor Market, Unemployment, Unemployment Rate, Human Capital Investment


A Fair Wage

Income for most people is determined by the market value of the productive resources they sell. What workers earn depends, primarily, on the market value of what they produce and how productive they are.

Grades 6-8, 9-12

Focus on Economic Data: U.S. Employment and the Unemployment Rate, January 13, 2015

This lesson uses the latest employment and unemployment data release by the U.S. Department of Labor, Bureau of Labor Statistics, for the month of December, 2014, reported January 9, 2015. The lesson focuses on the problems in measuring unemployment and the definitions used by the Bureau of La...

Grades 9-12

The 411 on College Education

One of the most important financial decisions people make is whether to go to college. The price tag of a college education is rising, but so are the benefits. In this lesson, students will begin by learning the relationship between level of education and the average unemployment rate; and level ...

Grades 9-12

Phillips Curve

This lesson explores the relationship of unemployment to inflation in the 1960s and after. Students will discover the short-run trade-off between inflation and unemployment when unemployment is less than its natural rate. Students will learn how wage setters formed adaptive expectations about fu...

Grades 9-12

The Unemployment Game

Students will learn about important labor market statistics that are frequently discussed in the media. An understanding of the unemployment rate and labor force participation rate will be developed through participation in an interactive simulation game.

Grades 9-12