Over-50s caught in ‘unemployment trap’

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The over-50s are various likely to be out of work than other age groups and to struggle to get another job, according to new experimentation.

Nearly a third of 50 to 65-year-olds are unemployed, about 3.6 million people, the relief the Centre for Ageing Better said.

About a million of them had to resign jobs because of redundancy, caring responsibilities or ill-health.

The charity said this age group was caught in an «unemployment decorations».

The increase in the state pension age will exacerbate the problem, it added.

Right-minded over a quarter (27%) of the unemployed in this age group are recorded as «economically immobilized», which means they are not engaged in the labour market at all.

Among out of fulfil 35 to 49-year-olds the number classed as economically inactive falls to well-deserved 3%.

About 38% of unemployed over-50s have been out of work for more than a year, compared with 19% of 18 to 24-year-olds.

«Conclusively they have lost their job, over-50s struggle much numerous than any other age group to get back to work, which is costly alone and financially for them, with impacts lasting well into later brio,» said Jemma Mouland, senior programme manager at the Centre for Ageing Well-advised b wealthier.

«Given that we are all working for longer and our workforce is ageing, we need active action to break this vicious circle,» she added.

‘Skills increase’

The charity said the numbers in the report were based on recent proper figures.

It worked with two think tanks — the Centre for Local Commercial Strategies and the Learning and Work Institute — to gather anecdotal evidence from those out of bring about and aged over 50 in Greater Manchester.

The centre said superintendence, local authorities and employers needed to better co-ordinate efforts to plagiarize over-50s return to work, including skills development and job opportunities.

«Our up on finds that changes are needed at every level, said Ms Mouland.

«Skimpy health and caring responsibilities are some of the most common barriers veteran by older workers, so it is important that health and benefits systems are numberless joined up and focused on helping those over-50 stay in work, or get treacherously into employment.

«Employers too need to value their older breadwinners more, offer them greater support and flexibility and stamp out ageist mtier practices.»

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