We publish the Older Workers Statistical Information Booklet every year to provide information on the labour market position of older people.
This edition contains a snapshot of Q2 (quarter 2 in 2012 and trend data for the period between 2001 and 2012. It is based on data from the Labour Force Survey.
Key points from the latest release are:
- older people are less likely to be in employment than 25- to 49-year-olds are
- the employment rate of 50- to 64-year-olds is 66% compared to 80% for 25- to 49-year-olds
- 9% of people aged 65 and over are in employment
- the employment rate for 50- to 64-year-olds has increased from 62% in 2001 to 66.1% in 2012
- the employment rate for people aged 65 and over has also increased from 5% in 2001 to around 9% in 2012
- between Q2 2008 and Q2 2012, the unemployment rate for 50- to 64-year-olds increased by 1.8 percentage points from 3.0% to 4.8%
- around 45% of unemployed people aged 50 to 64 have been unemployed for a year or more compared to 30% for 18- to 24-year-olds and 38% for 25- to 49-year-olds
Coverage: United Kingdom
Next planned release date: December 2013