Economic inactivity among men over 50 highest on record, official figures show

But despite ‘mass exodus’ of older workers, one in five who left the labour market during the pandemic would consider returning

Economic inactivity among older men below retirement age is at its highest level since records began, a study of official data has found.

The analysis of employment data from the Office for National Statistics (ONS), conducted by Rest Less, found the number of men aged between 50 and 64 who were not employed or looking for work increased to nearly 1.5 million this year.

This was a jump of 179,000 (13 per cent) since the start of the pandemic, and the highest level since 1992 when the ONS started collecting comparable data.

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