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Number of unemployed over-50s surges in ‘silver exodus’ from UK workplaces

The number of people aged 50-64 who are economically inactive in the UK has shot up to 3.6 million. It represents a rise of almost 10% since before the pandemic, providing powerful evidence of a post-Covid “silver exodus” from the workplace.

by | 21 Aug, 2022

Other findings released by the Office for National Statistics (ONS) last week – and seized upon by Labour as a sign of government failure at a time of near-record vacancies and labour shortages – include data showing that 375,000 over-50s were claiming unemployment benefits last month.

This total of over-50s in receipt of state help while looking for work has risen by 65,000 on the month immediately prior to the pandemic, and comes when job vacancies stood at over 1.274m.
Shared from The Guardian
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