Tom Corcoran was a successful salesman for Williams-Sonoma until the retailer shut its Mall of America store in January and laid off the staff.
Since then, the energetic 59-year-old salesman and commercial photographer has submitted dozens of résumés, gotten certified in web design and data analytics and won a few consulting gigs to show employers his newly expanded skill set. In other words, he has done everything job consultants say you should do to land a job.
Even so, he hasn't had a bite.
"I am doing everything I can to get hired full time," said Corcoran, who also has worked for Maple Grove Hospital, PACER Center and Pixel Farm Interactive. "I'm staying totally optimistic, but I think there may be issues with age."
Even with the lowest unemployment in years, many older workers who lose their jobs are still struggling to line up new ones. The number of unemployed Americans 55 and over increased in September for the fifth straight month, nearing 1.2 million, the government reported recently.
Economists say the trend could have long-term effects because many of these unemployed workers should be in their prime salary years. As long as they are out of work, they are not building up retirement savings they are likely to need in a few years to supplement Social Security.
Jeremy Hanson Willis, Minnesota's deputy commissioner of workforce development, said the problem of older worker unemployment is puzzling at a time when employers in almost every industry — including hospitals, factories, trucking and construction firms — are loudly griping about low unemployment and how difficult it is to find workers.
The U.S. unemployment rate overall is now down to 4.2 percent, the lowest rate since January 2001. In Minnesota, the unemployment rate is 3.7 percent, meaning there's now more than one job opening for every unemployed person in the state.