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Kiplinger
Kiplinger
Business
Maurie Backman

I Got Laid Off at 52 With $620,000 in Savings, and I'm Only Being Offered Lower-Paying Jobs

Kyle Elliott Unemployment LinkedIn
Portrait of casual mature man on balcony. The sun is behind him and his mood is thoughful or sombre. .

On paper, it seems as if in today's economy, there are plenty of jobs to go around.

The unemployment rate in July was 4.2%, per the Bureau of Labor Statistics, and it's been fairly consistent, hovering in the 4% to 4.2% range since May of 2024.

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