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Older people more than twice as likely to be unemployed for two years or longer if they lose job

Jobs applications during December lowest in five years Consumer confidence is the highest it has been since March 2020. The number of people applying for jobs in December was the lowest it had been in five years, despite the current unemployment rate.  Just 2.2 million job applications were made last month, down just more than a third (34%) when compared with the same time in 2019, according to jobs site Broadbean Technology.  The job board said the change could be explained by the recent extension of the government’s furlough scheme. Elsewhere the data showed that vacanc...

THE gender pay gap increases with age and is at its widest for the over-50s, new research suggests. An analysis of official data indicates that the median annual salary of women working full time in their 50s is 23 per cent less than for men in the same age group. Women in their 60s are paid 25 per cent less, the report by Rest Less, which offers help and advice to over-50s, found. The study indicates that the median annual salary of a woman in a full-time job this year was just under £28,000, compared with £33,923 for men. But the gap is wider for those in their 60s: £26,230 for women and...

Last modified on Sun 27 Dec 2020 23.37 EST Women over 50 in the UK are paid almost £8,000 a year less than men, according to research revealing that the collapse of retailers during the pandemic has hit women much harder than men. An analysis of official data found that the median annual salary of women working full-time in their 50s was 23% less than that of men in the same age group, according to a report by Rest Less, a company that offers help and advice to people over 50. Women in their 60s were paid 25% less. The study shows that a woman in a full-time job earned on average just unde...

Second wave of older worker job losses forecast for December after tighter Covid restrictions 16 December 2020 • 6:00am More than 106,000 over-50s fell into unemployment in the autumn as redundancies rocketed for older workers and forced tens of thousands into early retirement and poverty. Unemployment figures for those aged between 50 and 64 rose to 378,000 after another 99,000 were pushed out of work between from August and the end of October, according to the Office for National Statistics. Nearly five times more people between 50 and 64 were made redundant between September and Octob...