Years Growth and Employment

men: What is driving the record employment numbers Total employment has increased by more than a million in the past two years, according to The Guardian. Growth has been strongest among 50-to-64-year-olds, with a 682,000 increase for women and 506,000 for men. Is the return to levels of employment last seen in the 1970s a sign that the economy is more robust as Brexit approaches than many feared We asked three eminent labour market economists. David Bell a former adviser to the Scottish parliament on employment and economics professor at Stirling University says the extra number of women in jobs is probably linked to the sharp increase in the retirement age to 66, equal with men. A recent dramatic rise in working-age migrants to the UK is another reason, says John Philpott, former chief economist at the Chartered Institute for Personnel and Development. Steve Machin, head of the London School of Economics Centre for Economic Performance, says more people of pensionable age are staying in the workforce The rise in labour force participation of older people is very striking for women, and most likely links to the values of state pensions being eroded. (news.financializer.com). As reported in the news.

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