Over-50s take more jobs
Fri 15 Feb 2008
The latest jobs figures show over-50s have accounted for the majority of the recent employment rise. The Office for National Statistics' data revealed the data may appear confusing, with the over-50s upsurge accompanied by the finding that most new jobs go to migrant workers, who are predominantly under 40. Dr Philpott, of the Chartered Institute of Personnel and Development, said it was because older workers were holding onto their jobs. "In jargon terms, over 50s employment is rising because of increased job retention not increased hiring of older workers," he explained. "What this also highlights is that home grown workers, not just those from overseas, have benefited from the jobs boom of recent years." Despite predictions of an economic slowdown, recent studies have anticipated a positive year for recruitment – more graduate jobs are available and the unemployment figure is at a 30-year low.
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