Number of Over-65s in Work Continues to Rise

The number of people aged 65 and over in paid work in the UK has risen to another new record.  Between May and July the number rose to 955,000, an increase of 49,000 on the previous three months – made up of 19,000 more men and 30,000 more women in work. 

The numbers were contained in the latest set of UK employment figures released by the Office for National Statistics this morning.

The overall number of people aged 16 and over in work went up by 236,000 to 29.56 million during the three months to the end of July, pushing the employment rate for those aged 16-64 up by 0.5 per cent to 71.2 per cent. 

The number of people in full-time work went up by 102,000, whilst the number working part-time rose by 134,000 on the previous three months.

There was a smaller fall in the number of those unemployed than seen in recent sets of figures, it fell by 7,000 during the period and now stands at 2.59 million. - the unemployment rate falling by 0.1 per cent to 8.1 per cent.

The number of people claiming Jobseeker’s Allowance (the Claimant Count) in August fell by 15,000 compared with July to 1.57 million.

The number of economically inactive people aged from 16-64 fell by 181,000 in the three months to the end of July to 9.01 million.

There were 473,000 job vacancies in the three months to August, up by 5,000 on the three months to May.

As far as those aged 50 and over were concerned, the number of people aged 50-64 in work rose by 33,000 to 7.5 million.  The number who were unemployed fell by 8,000 to 413,000 and those claiming Jobseeker’s Allowance in August compared to July, dropped by 600 to 253,200.  The number classified as economically inactive dropped by 29,000 to 3.46 million, an inactivity rate of 30.5 per cent for this age group.

Read TAEN’s press release.

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