Index - Welcome

HOME	PARTNERS	ABOUT US	RESEARCH INFO	PROJECTS	ADVERTISE

Age Audit Employment Stats UK Archive Research Retirees Survey Historical Facts Workforce Stats Employment Stats EU	Overview of UK Statistical Data Employment In 2010, 25.85% of the UK’s workforce was made up of over 50s This is at its highest in last 10 years a increase of 3.66% from 2000 This is nearly twice as fast as the growth in the percentage of the population made up of over 50s, 1.39% 72% of over 50-64 year old men and 58% of 50-64 year old women are currently in employment, (July 2010) 12% of men and 7% of women over 65 are in employment, (July 2010) Unemployment There are currently 384,000 unemployed over 50s in the UK, 4.5% of the total over 50 population, (Nov 2010) This is lower than at the same point last year, 4.7% in November 2009 However, it is higher than in 2008 when the unemployment rate for over 50s was 3.6% The rate of unemployed over 50s for men is slightly higher than for women, 5.6% compared to 3.1% Redundancy 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 Reemployment 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) Sickness/Absence 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 Pay 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 Discrimination 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).

Overview of UK Statistical Data

Employment

In 2010, 25.85% of the UK’s workforce was made up of over 50s
This is at its highest in last 10 years a increase of 3.66% from 2000
This is nearly twice as fast as the growth in the percentage of the population made up of over 50s, 1.39%
72% of over 50-64 year old men and 58% of 50-64 year old women are currently in employment, (July 2010)
12% of men and 7% of women over 65 are in employment, (July 2010)

Unemployment

There are currently 384,000 unemployed over 50s in the UK, 4.5% of the total over 50 population, (Nov 2010)
This is lower than at the same point last year, 4.7% in November 2009
However, it is higher than in 2008 when the unemployment rate for over 50s was 3.6%
The rate of unemployed over 50s for men is slightly higher than for women, 5.6% compared to 3.1%

Redundancy

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

Reemployment

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)

Sickness/Absence

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

Pay

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

Discrimination

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).