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Over-50s caught in 'unemployment trap'

From BBC - November 14, 2017

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

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

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

The charity said this age group was caught in an "unemployment trap".

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

Just over a quarter (27%) of the unemployed in this age group are recorded as "economically inactive", which means they are not engaged in the labour market at all.

Among out of work 35 to 49-year-olds the number classed as economically inactive falls to just 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.

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