The Bank of England has warned that the number of people over 50 without a job – and not looking for one – has unexpectedly jumped since the summer. The recent increase was mainly accounted for by workers aged between 50 and 65 leaving the workplace and not returning, the Bank said. Shunning work: The recent increase was mainly accounted for by workers aged between 50 and 65 leaving the workplace and not returningThe rise partly reflected those leaving work due to long-term sickness, it added. A fifth of inactive workers in that age bracket are thought to be so for that reason, past research has suggested. A report from the Institute for Employment Studies said last month 'there simply are not enough workers for the jobs available'.

Source: Daily Mail November 05, 2022 22:37 UTC