This page is part of our Age Research archive so the information is out of date and some of the links might not work. We are currently updating our research and will replace the information on this page in due course.
Overview of UK Statistical Data
66.1% of 50-64 year olds are currently in employment, (August 2012)
This is up 1.1 percentage points from the same time last year 9% of over 65s are in employment, up 0.2 percentage points on last year, (August 2012)
However, the number over 65s classified as unemployed has risen to 2.1% from 2% last year, (August 2012)
In 2010, 25.85% of the UK’s workforce was made up of over 50s
Whilst only 4.9% of 50-64 year olds are classified as being unemployed, a further 30.6% are currently out of work, (August 2012)
This is up from 4.5% in 2010
And much higher than in 2008 when the unemployment rate for over 50s was only 3.6%
44.2% of unemployed over 50s have been looking for work for over 12 months
This is higher than for any other age catergory
The rate of unemployed over 50s for men is slightly higher than for women, 5.6% compared to 3.1%
In 2010, 26.53% of the UK’s redundancies have been aged over 50
This is at its highest point in the last 10 years
And up 4.17% from last year
The redundancy rate in the public sector was much higher than the national average, with 66% of all redundancies in County councils and 57% of redundancies in London Borough councils being over 50.
Over and Under Employment
Half of all workers in the UK say they would like more or less work, with 9.8 million wanting less and 3.5 million wanting more
17.3% of 50-64 year olds in part time employment want more work. Men are more keen on this than women, with 22.4% of 50-64 year old men in part time employment wanting more work, compared to 15.2% of women
4.1% of 50-64 year olds in full time employment say they want more work. Again, men are more keen on this, with 6.1% want more work, compared to 5.1% of women
6.9% of 50-64 year olds in part time employment want less work. When broken down by gender 4.9% of 50-64 year old women want less work, compared to 6.1% of men
16.5% of 50-64 year olds, 15.4% of men and 18.6% of women, in full time employment want less work
In 2010, 16.59% of over 50s found reemployment
This is up 0.21% on the previous year
However, this increase is significantly lower than the increase in jobs vacancies between 2009-2010, 3.75%
Currently, reemployment for over 50s is down 5.67% from its highest point in the last 10 years, (2004)
61% of people would work beyond 65 if offered flexible working arrangements
50-64 and 64+ years olds are absent less often than their younger counterparts, absence rate of 2.4% and 1.9% respectively, compare to the national average of 2.5%.
16-24 and 25-34 year olds take the most time off, with an absence rate of 2.6% for both categories
50-59 year olds earn on average less per year than 30-39 and 40-49 year olds; £28,356 compared to £29,004 and £30,443 respectively.5
Over 60s earn on average £20,895 per year
The number of age discrimination cases brought to tribunal has risen by a third in the past year
However, this is only 2% of the total age discrimination claims made
The average payout was £5,868.
The largest payout was £48,710. This is significantly less than for other types of discrimination; disability (£729,347), sex (£442,366), race (£374,922) and sexual orientation (£163,725).