This study uses recent data to examine how the incidence and consequences of job loss varies by age. Models measure the likelihood that workers lose their jobs and the likelihood that displaced workers become reemployed. We also compare earnings and other job characteristics before and after job loss for displaced workers who become reemployed. A final tabulation compares job search activities by age for unemployed workers. Results show that older workers are less likely than younger workers to lose their jobs, but only because they generally have spent more time with their employers. Older workers who become displaced spend more time unemployed than their younger counterparts and experience greater wage losses when they become reemployed.