[New post] ONS: Long term sickness drives record levels of economic inactivity

Opportunity posted: " UK unemployment fell in the three months to August 2022 (from 3.8% to 3.5%), however official figures point to a sharp rise in the number of people classified as economically inactive – i.e. neither employed nor looking for work. The Office for Nation" http://teacakeclub.org ONS: Long term sickness drives record levels of economic inactivity Opportunity Oct 13 UK unemployment fell in the three months to August 2022 (from 3.8% to 3.5%), however official figures point to a sharp rise in the number of people classified as economically inactive – i.e. neither employed nor looking for work. The Office for National Statistics reported a 0.6 per cent increase in the economic inactivity rate over the three-month period to 21.7%. This translates into almost nine million people of working age (16-64) having neither worked in the last four weeks nor able to enter employment in the next two. According to the ONS, this increase was driven by long-term sickness, which rose to a record high between June and August. Almost 2.5 million people are now classified as economically inactive because of long-term health problems, with the most significant increases seen in the 50-64 and 16-24 age brackets. Student numbers also contributed to the headline economic inactivity figure. Figure 1: ONS figures, as reported by the BBC Like Unsubscribe to no longer receive posts from http://teacakeclub.org. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://teacakeclub.org/2022/10/13/ons-long-term-sickness-drives-record-levels-of-economic-inactivity/ Powered by WordPress.com