Monday, 7 October 2019

Job searches taking two years for over-50s

An article published earlier today reports on research showing well over one-third of jobseekers aged 50+ are likely to be unemployed for two years.

​Those aged 50 to 64 are 37% more likely to be unemployed for more than two years than under-50s, according to analysis from jobsite Rest Less.

Its analysis, based on multiple datasets from the Office for National Statistics' Labour Force Survey (May to July 2019), found that despite their low rate of unemployment overall, those aged 50 to 64 are more likely than any other age group to remain unemployed long term (two years or more).

The research found that 0.62% of 50- to 64-year-olds were unemployed for two years or more, compared to 0.45% of 25- to 49-year-olds and 0.51% of 16- to 24-year-olds.

Read more ...

For context, see my post published here last month about the Office for National Statistics finding employment rates among those aged 50 - 64 years had hit a "record high" of 72.7%.

Note that I also pointed out in the article how ONS data used showed "an aggregated 85% for those aged between 25 and 49 years" - a figure sitting almost 12% above the older generation's good news.


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