On 13 December, the UK’s Office for National Statistics (ONS) revealed that between August-October 2022, the number of economically inactive fell 0.2% to 21.5% compared to the previous three months. The ONS said the trend, which is also accompanied by a slight rise in unemployment (3.7% for the same period), can be explained by the fact younger retirees are surprisingly making a return to the labour market. Head of ONS economic statistics Sam Beckett said, “This quarter the proportion of...
Great Britain: younger retirees return to work in the face of inflation
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