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Official Statistics: Employment statistics for workers aged 50 and over since 1984

By November 14, 2016Uncategorized

Employment of workers over the age of 50 has grown significantly over the past decades.

The employment rate for people aged 50 to 64 has grown from 55.4 to 69.6 percent over the past 30 years, an increase of 14.2 percentage points.

The employment rate for people aged 65 and over has doubled over the past 30years, from 4.9 to 10.2 per cent, an increase of 5.3 percentage points.

The largest increases in employment rates over the last 30 years were for two groups: for women aged 60-64 the rate grew from 17.7 to 40.7 per cent; and for women aged 55-59 it grew from 48.6 to 68.9 per cent.

The employment rate gap between men aged 50-64 and women of the same age dropped from close to 28 percentage points 30 years ago to 10.9 percentage points in 2015.

The proportion of people aged 70-74 in employment almost doubled over the past10 years (from 5.5 to 9.9 per cent), and numbers in employment more than doubled from 124,000 to 258,000.

Part of the increase in the numbers of workers over 50 can be explained by demographic changes, but growth in employment rates shows that the number of people over 50 in employment has risen faster than the population over 50.

 

https://www.gov.uk/government/statistics/employment-statistics-for-workers-aged-50-and-over-since-1984?utm_content=bufferfbe36&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer