Well, not millions. The unemployment rate for software engineers is nearly double for 55+ year olds compared to younger workers [0]. Still, I guess at "only" 9.6% it's not so bad.

http://www.computerworld.com/article/2512708/it-industry/rec...

Since those stats aren't for software engineers, it would be enlightening if there was a breakout of the IT workers who couldn't find jobs to see how much of the more-affected population was some variation of manager or pseudo-manager, as those roles tend to skew older and are also the roles that (anecdotally at least) I saw less hiring of. When I think back to the people I'd worked with who had trouble finding their next gigs during the recession, 100% of them were some variation of PM, scrum master, and so on. Almost universally their resumes/LinkedIn profiles had very vague descriptions of what it was they did for the 5+ years leading up to the recession. There may be a lesson in that as well.

Those figures count just a subset of the U-3 unemployment rate, which is itself a subset of the true (U-6) unemployment rate. Anyone counted as long-term unemployed is omitted from those counts.