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"As the recession continues, unemployed people over the age of 50 continue to face steeper job hunting challenges than their younger counterparts. People over 50 search for new jobs for an average of 36 weeks or longer, compared to 27 weeks for younger workers. And while the overall unemployment rate has held steady, the rate for those over 55 actually rose from 6.8% to 7.1% accounting for more than 2 million people in that age group out of work."

"Watching fellow college students working for $7.50 an hour after graduation, Tana Walther, a fashion-design major at Kent State University in Ohio, snapped up an alternative offered by her father-to run a Pita Pit restaurant franchise he would buy."

"We read in newspaper headlines that the economy may have permanently lost 20 million jobs, that 70 million "baby-boomers" are ready to retire, that 50 percent of the workforce will be people of color by 2028, that younger workers are changing careers five to seven times, that America is losing its half-century of global economic dominance and that the global skills gap is worsening. The US workplace is experiencing radical transformational changes. These changes will require new skill-sets for future career success and to start closing the non-competitive skills gap."

The Dream Act puts education within reach even for the Golden State's illegal immigrants. While weighing 50 education bills yesterday, Governor Jerry Brown signed the California Dream Act into law Saturday, opening the state's purse of financial aid to even those who don't have official documentation. Read more: http://newsfeed.time.com/2011/10/09/california-passes-dream-act-allowing-aid-for-undocumented-students/#ixzz1aURp5Vq3

Even before the financial crisis, many baby boomers hadn't saved enough for retirement. Then stocks plummeted. In 1998, the average 50-year-old who had been working for at least 10 years had a 401(k) balance of $85,000, according to the Employee Benefit Research Institute. Factor in the recent market drop, and more than a decade later, that worker's 401(k) has grown to just $93,000. In short, we keep getting older, but our 401(k) balances, they stay the same.

The truth is that many employers generally like older hires because they tend to be more reliable, conscientious and loyal. However, candidates over 50 have to overcome hiring managers' fears that they have one foot out the door. Your friends should de-emphasize their age by removing dates from their resumes and making subtle changes to their appearance to look younger. Most importantly, though, they should showcase their enthusiasm for the job and how motivated they are to achieve, which will make employers more likely to believe they're in it for the long-term.

"The biggest changes in family life sometimes happen gradually. New employment data suggest one such seismic change is upon us: Job-holding patterns between the generations have turned upside down."

Although the economy is technically in a recovery, unemployment remains high. And the Fed's August 9 decision to keep rates low through mid-2013 suggests that policymakers expect weak growth for the foreseeable future. What's happening to older workers in this never-ending malaise?