The employment gap between those at the cusp of retirement and the main working group has reduced 7.9% over the past 20 years with older people increasingly working for longer, latest figures from the Department for Work and Pensions (DWP) have shown.
The DWP labour market figures published on Thursday showed the employment gap between those aged 50-64 and 35-49 was down to 13.3% in 2017. Currently almost three-quarters (71%) of people aged 50-64 are in full-time employment, up from three-fifths in 1997. Employment rates, including part-time, for the older age groups of 65-69 and 70-74 year-olds doubled in the two decades, from 10.5% to 20.8% and 4.5% to 11% respectively. This means a greater proportion of people are working beyond the state pension age, the DWP said. The average age at which employees leave the labour market is...
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