The purposes of this study are 1) to investigate the employment status of the elderly(i.e., whether the elderly is employed or not) in Ulsan, 2) to analyze the differences in household economic life between employed and unemployed old People, and 3) only for the employed old people, to compare the monthly earnings and job satisfaction by the work time of per day and by the regular employee or temporary employee. for this study, semi-structural questionnaires were distributed to 500 old people in Ulsan, in September, 2006. The results indicated that only 25% of the respondents were employed, and the employment status of the elderly was related to sex, age, education level, marital status, household composition, number of dwelling persons, and number of children. for household economic life, employed old people had higher household income and monthly allowances than unemployed old people, while they spent more on clothing, but less on food than unemployed old people. Regular old employees had higher monthly earnings and job satisfaction than temporary old employees. And the old employees working for more than 8 hours per day had higher monthly earnings than those working for less than 8 hours, but there was no significant difference in job satisfaction between the two groups.