The fact that older Canadians are doing better in terms of employment is due to the experience they have and the employers' wanting to keep that experience. If employers face difficulties, they want to keep these workers. Often, they will let go the less experienced and the young people. That explains, I think, why older workers are valued and kept.
The problem is when they are displaced and lose their jobs, when they become unemployed. This is when trouble starts for them. When you look at how they will be able to find a job or how long they will stay unemployed, they do the worst. It is harder for them if they experience unemployment.
This is the point on which I'd like to focus. The spell of unemployment will be much longer for older workers. The loss of earnings, once they find a new job, will be more important. Their value will go down, and they're not able to find a job at the salary they used to have.
Losing a job has very dramatic consequences for an older worker.