Dole-ful employment situation for over 50s
Older employees who are already having to delay their retirement following plans to increase the pension age are finding the job market tougher than most, after a new study by The Institute for Public Policy Research (IPPR) found that nearly half of those out of work over 50 have been without employment for a year or more.
The latest figures released by the Government show there are now 850,000 lonmg term unemployed people – the highest figure since 1997.
Nick Pearce, director of the IPPR, said: ‘Being out of work for more than a year can have a scarring affect, making it harder to get a job as well as having a negative impact on one's health and wellbeing.’
Meanwhile, jobless figures from the Office for National Statistics show that overall unemployment dropped 36,000 over the past three months, the second quarterly drop in a row.