Older workers Statistical Information Booklet (OWSIB)
The Older Workers Statistical Information booklet is published by Department for Work and Pensions on an annual basis to provide detailed statistical information on the labour market position of older people.
The Older Workers Statistical Information Booklet (2012 edition) was released at 9:30am on 13th December 2012 by the Department for Work and Pensions under the arrangements approved by the UK Statistics Authority.
The latest edition of the annual Older Worker Statistical Information Booklet contains both snapshot (Quarter two 2012) and trend datas (2001- 2012), relating to older workers' employment, labour market participation and developments in the UK. It is based on data from the Labour Force Survey.
Key points from the latest release are:
- Older people are less likely to be in employment than 25-49 year-olds. The employment rate of 50-64 year-olds is 66% compared to 80% for 25-49 year-olds. 9% of people aged 65 and over are in employment.
- Employment rates for older people have been increasing since 2001. The employment rate for 50-64 year-olds has increased from 62.0% in 2001 to 66.1% in 2012. The employment rate for people aged 65 and over has also increased from 5% in 2001 to around 9% in 2012.
- Between Q2 2008 and Q2 2012, the unemployment rate for 50 -64 year-olds increased by 1.8 percentage points from 3.0% to 4.8%.
- Older people who are unemployed are more likely to be in long-term unemployment (a year or more). Around 45% of unemployed people aged 50- 64 have been unemployed for a year or more compared to 30% for 18-24 year-olds and 38% for 25-49 year-olds.
E-mail: Sirinnuj Redden
Coverage: United Kingdom
Next Planned Release Date: December 2013