Official Statistics

Economic labour market status of individuals aged 50 and over, trends over time: September 2024

Published 26 September 2024

1. Introduction

The UK has an ageing population and workforce, therefore it is of growing importance to understand the economic labour market status of individuals approaching, at, and above State Pension age (SPa) and how trends are changing over time.

This publication details the trends over time, and comparisons with 35 to 49-year-olds, in the economic labour market status of individuals aged 50 and over.

Analysis is provided on the three headline measures used to monitor progress:

  1. Employment rate of people aged 50 years and over, by five-year age bands and gender
  2. Average age of exit from the labour market, by gender
  3. Employment rate gap between people aged 50 to 64 and people aged 35 to 49 years, broken down by five-year age band and gender

In addition to the measures outlined above, analysis is provided on wider characteristics of those aged 50 and over such as data on economic inactivity rates, reasons for inactivity, employment by industrial sector and region, employment by ethnicity and education as well as working patterns.  

This is an annual release and the next release will be in September 2025.

2. Main stories

The main stories are:

  • from 2019 (pre-pandemic) to 2023 the employment rate of older adults decreased each year from a record high in 2019 of 72.5% to 70.7%. Over the past year, the employment rate of people aged 50 to 64 years has increased by 0.2 percentage points to 70.9%, though this increase is not statistically significant
  • the employment rate gap between people aged 35 to 49 years and 50 to 64 years has statistically significantly decreased in the past two years. From 15.1 percentage points in 2022 to 14.2 percentage points in 2024. This is due to a decrease in the employment rate of people aged 35 to 49 years and an increase in the employment rate for those aged 50 to 64 years
  • of the countries in the UK, Wales had the lowest employment rate among those aged 50 to 64 years at 60.3%, with the highest employment rate in England at 71.9%. Wales has seen a statistically significant decrease in the employment rate of those aged 50 to 64 years from 2023 to 2024, with the employment rate decreasing by 9.8 percentage points
  • the employment rate gap between individuals with no qualifications and those holding any type of qualification was larger than any employment rate gap observed between the levels of qualification obtained. For example, the employment rate gap between individuals aged 50 to 64 years with no qualifications and those with ‘GCSE grades A-C or equivalent’ was 21.0 percentage points in 2024. This is statistically significantly larger than the employment rate gap between those with ‘GCSE grades A-C or equivalent’ and degree level qualifications, with the gap standing at 12.4 percentage points in 2024
  • the average age of exit from the labour market has increased for both males and females over the past year, reaching the highest recorded level on ONS data since annual reporting began in 1984. In 2023, the average age of exit for men was aged 65.3 years, increasing by 0.4 years to 65.7 years in 2024. The 2023 average age of exit for women was 64.1 years and has increased by 0.5 years to 64.5 years in 2024
  • the inactivity rate in 2024 for those aged 50 to 64 continues to remain higher than the pre-pandemic rate which was 25.5% in 2019. The rate has increased by 0.2 percentage points in the last year, from 27.2% in 2023 to 27.4% in 2024, though this increase is not statistically significant
  • the economic inactivity rate for women aged 50 to 64 remains statistically significantly higher, at 31.3% in 2024, when compared to men of the same age (23.2%)
  • being sick, injured or disabled continues to be the main reason why people aged 50 to 64 years are economically inactive in the labour market, with 44.9% of individuals giving this as the main reason
  • of economically inactive people aged 50 to 64 years, women (17.6%) were twice as likely as men (8.9%) to report ‘looking after home or family’ as the main reason for not looking for work, a statistically significant difference. Meanwhile, the proportion of men giving the main reason as ‘retired’ (32.1%) was statistically significantly higher than women (27.4%)
  • the State Pension age has a statistically significant impact on employment and inactivity rates of older adults. From age 65 to 66 the employment rate decreases by more than 10.0 percentage points and the inactivity rate increases by a similar proportion
  • the unemployment rate for those aged 50 to 64 has decreased by 0.5 percentage points from 2.9% in 2023 to 2.4% in 2024, a statistically significant change. The unemployment rate for this age group has been steadily declining over time, compared to 10 years ago the unemployment rate has almost halved from 4.2% in 2014 to 2.4% in 2024.
  • over the past year, the gap between those aged 50 to 64 and aged 35 to 49 who are long-term unemployed has statistically significantly decreased from 17.9 percentage points to 4.7 percentage points
  • around 750,000 individuals aged 50 to 64 are either actively seeking work, or are inactive but are willing or would like to work

3. What you need to know

This is the eighth annual publication on the economic labour market status of individuals aged 50 and over in the UK. It provides more detailed breakdowns of the labour market outcomes of older workers over time than those routinely published by the Office for National Statistics (ONS) in their monthly Labour Market Statistics. Previous versions of this publication can be found on the GOV.UK website.

This release uses data from the Labour Force Survey (LFS) which is produced by the ONS. This covers the period up to April to June 2024. It should be noted that on 10th September 2024, the ONS released their latest labour market statistics which cover a later period from May to July 2024. We use quarter 2 (April to June) of the LFS to produce the most consistent analysis over the full time period from 1984 to 2024, read more about this in the background and methodology document accompanying this release. Therefore headline rates and levels will not match the latest labour market statistics release, but are covered by the previous labour market statistics release.

Recent increased volatility of Labour Force Survey (LFS) estimates, resulting from smaller achieved sample sizes, means that the quality of quarterly changes should be treated with caution. The ONS recommends using these statistics as part of a suite of labour market indicators, alongside Workforce Jobs, Claimant Count data and Pay As You Earn (PAYE) Real Time Information (RTI) estimates.

Due to this, caution is also advised when interpreting short-term changes in headline rates and it is advised to make longer term comparisons that offer more stability.

When interpreting results, particularly comparing time periods, users should be aware of the potential effect of COVID-19 from 2020.

The ONS published 3 research reports on 14 March 2022 in connection with older people in the labour market and the impact of COVID-19. Full details of findings can be found in the following links:

Latest overall labour market statistics

For the period covered by this release, April to June 2024, the ONS labour market statistics show the UK employment rate (for people aged 16 to 64) was estimated at 74.5%, below estimates of a year ago, but has increased in the latest quarter by around 0.1 percentage points. It still remains lower than the pre COVID-19 pandemic rate.

The overall unemployment rate increased from the COVID-19 pandemic until the end of 2020, before dropping close to a 50 year low in June to August 2022. It has subsequently increased back above its pre-pandemic rate. The unemployment rate (for people aged 16 to 64) for April to June 2024 decreased by 0.1 percentage points on the quarter to 4.2% and is below estimates of a year ago.

The economic inactivity rate (for people aged 16 to 64) has been increasing since its post-pandemic low in March to May 2023 and has remained largely unchanged on the quarter, to 22.2% in April to June 2024. The largest reason for inactivity is due to long-term sickness, which has remained the biggest reason since September to November 2021.    

The ONS publish Official Statistics in Development from HM Revenue and Customs’ (HMRC) PAYE RTI system on the number of payrolled employees. Unlike the LFS, which is the data source for this publication, payrolled data does not cover the number of people who are self-employed. The most recent estimate of payrolled employees for July 2024 shows the number of payrolled employees rose by 0.8% compared to a year ago, a rise of 252,000 employees to the highest recorded level. The same trends hold true for those aged 50+, whereby the number of payrolled employees reached the highest recorded level of 9.4m employees.

In relation to the period covered by the statistics in this release, between May 2023 and May 2024, the number of payrolled employees aged 50 to 64 increased by 48,000 (0.6%) to 8.2 million, whilst the number of employees aged 65 and over increased by 71,000 (6.3%) to 1.2 million.

Changes to State Pension age (SPa)

Recent trends in employment should also be considered in the context of changes to State Pension age (SPa). Since 2010, women’s SPa gradually increased from 60 years, rising to 65 years by November 2018, at which point it equalled male SPa. In October 2020, SPa for both men and women increased to 66 years. Under Section 27 of the Pensions Act 2014 the Secretary of State has a statutory duty to periodically review whether the existing rules about State Pension age are appropriate. To date, there have been two statutory Government reviews of State Pension age.

Working age is recognised internationally as people aged 16 to 64 years, whereby the State Pension age in the UK was formerly the upper limit of the working age definition (aged 64). To understand trends over time, this release will continue to report on the 50 to 64 age group. However, data on people aged 50 to 65 years and more detailed tables containing statistics used in this release can be viewed in the tables accompanying this release.

Economic Labour Market Status

Employment and other labour market concepts used in this release are defined in the same way as National Statistics published by the ONS in their Labour Market Overview. The ONS definitions can be found on the ONS website. In this report, everybody aged 16 or over is defined as either employed, unemployed or economically inactive.

Employed is defined as being in work, including those working part-time and those who are self-employed.

Economic inactivity is defined as not working, have not been looking for work within the last four weeks or who are unable to start work within the next two weeks. Examples of economically inactive people include: people not looking for work because they are students; looking after the family or home; because of illness or disability or because they have retired.

Unemployment is defined as not working, have been looking for work within the last four weeks and are able to start work within the next two weeks. A common misconception is that the unemployment statistics are a count of people on benefits; this is not the case as they include unemployed people not claiming benefits.

Statistical significance

Comparisons made in the narrative of these this release have only been tested for statistical significance at the 95% level when stated that the comparison “is statistically significant” or “is not statistically significant”. Not all comparisons within the narrative have been tested for statistical significance. Within the commentary of our statistical bulletins, we will avoid using the term “significant” to describe trends in our statistics and will always use “statistically significant” to avoid any confusion for our users.

Read further details on statistical significance in the background information and methodology.

4. Average age of exit from the labour market

In the context of an ageing population, and increases in life expectancy, it is increasingly important to understand whether people are continuing to work or spending more time in retirement or other forms of economic inactivity. The average age of exit from the labour market is broken down for men and women due to the historic difference of state pension age for men and women. See What you need to know for further details.

In 1950, the average age of exit for men was aged 67.2 years. The average age of exit for men fell until 1980, when there was a change to the data source. Details of the change can be found in the background information and methodology. Since this point, the average age of exit for men has been steadily increasing.

The male average age of exit has increased by 2.7 years since 1996 when it reached its lowest point of aged 63.0 years. The average age of exit fell slightly after the COVID-19 pandemic to 65.1 years in 2021 and has since fluctuated but shown a gradual upward trend. During this time, the State Pension age for men and women increased from 65 to 66 years by October 2020.

In 2024, the male average age of exit from the labour market reached the highest recorded level using ONS data, at age 65.7 years, an increase of 0.4 years compared to 2023.

The average age of exit for women in 1950 was 63.9 years. The average age of exit fell, reaching its lowest point of 60.3 years in 1986. Since then, the average age of exit for women has increased by 4.2 years to 64.5 years in 2024, the highest recorded level using ONS data.

Between 2009 (before the change to female SPa) and 2018, the period in which female SPa incrementally increased from age 60 to 65 years to equal the male SPa, the average age of exit for females increased by 1.5 years, from 62.4 to 63.9 years. The average age of exit of women continued to increase by 0.4 years to 64.3 years in 2020, when male and female SPa increased to 66 years.

Since 2021 the female average age of exit has followed a similar upward trend to males, rising from 64.0 in 2021 to 64.5 in 2024. This includes an increase of 0.5 years over the past year from 64.1 years in 2023 to 64.5 years in 2024.

Average age of men and women exiting from the labour market, 1950 to 2024, UK

Source: Table 1 Economic Labour Market Status of individuals aged 50 and over statistics.

5. Employment

The employment rate for people aged 50 to 64 years was 70.9% in 2024. This rate has been increasing steadily since the mid-1990s when it stood at 57.2% in 1995. The employment rate for this age group was at its highest at 72.5% in 2019 and then it declined each year to 70.7% in 2023. In the past year, the employment rate has increased by 0.2 percentage points to 70.9%, although this increase in the employment rate is not statistically significant.

The employment rate gap between those aged 35 to 49 years and those aged 50 to 64 years stood at its lowest point in 2019 at 12.8 percentage points. Since then, it steadily increased to 15.1 percentage points in 2022 but has statistically significantly decreased over the past two years, reaching 14.2 percentage points in 2024.

Over the past two years, the employment rate gap has statistically significantly decreased for men by 1.5 percentage points and has decreased for women by 0.1 percentage points, although this decrease for women is not statistically significant.

Employment rates of people aged 35 to 49 years and people aged 50 to 64 years, UK

Source: Table 2 Economic Labour Market Status of individuals aged 50 and over statistics.

Over the past ten years, the employment rate for those aged 50 to 54 and 55 to 59 has been relatively flat, with fluctuations across this period. In comparison, those aged 60 to 64 and 65 to 69 have shown gradual upward trends. For both men and women aged 60 to 64 years and aged 65 to 69 years, the increase was statistically significant, and particularly marked amongst women aged 60 to 64 (13.1 percentage points). There has been little change in the employment rate over the past year for most five-year age bands, apart from those aged 60 to 64 years who have seen an increase of 2.3 percentage points to 57.3%.

As people approach SPa, the rate of employment statistically significantly declines, and the inactivity rate statistically significantly rises as people leave the labour market “early”. Over half (59.6%) of men and women are not in work in the year before reaching SPa.  In 2024 at age 65 years, the year before SPa, the employment rate was 40.4%, which then decreased at age 66 years to 30.1%.

However, the employment rate of adults at age 65 has been increasing over time and has seen one of the largest increases in employment rates compared to other individual age bands from age 50 to 75 over the last 10 years. In 2014 the employment rate of 65-year-olds was 26.9%, it statistically significantly increased to 36.3% in 2019 and further increased to 40.4% in 2024, though the increase from 2019 to 2024 is not statistically significant. This increase is likely to be largely driven by changes to SPa over this period.

Employment and Inactivity rates by individual age, 2024, UK

Source: Table 19 Economic Labour Market Status of individuals aged 50 and over statistics.

The upward trend of the employment rate for people aged 50 to 64 years over the past 25 years has been driven by increases in both full-time and part-time employment. This increase is primarily driven by an increase in full-time employment, notably women in full-time employment, with the employment rate for women working full-time increasing by 14.3 percentage points over the last 25 years.  Whereas the upward trend of the employment rate for people aged 35 to 49 has been driven by increases in full-time employment only, with part-time employment only slightly fluctuating around a similar proportion.

Compared with five years ago, in 2024 there was a statistically significant decrease in the proportion of workers aged 50 to 64 in part-time employment (2.1 percentage point reduction) and an increased proportion in full-time employment (0.4 percentage point increase), although this increase is not statistically significant.

Compared to 2023, the recent increase in the employment rate for people aged 50 to 64 years appears to be driven by an increase in full-time employment. Those aged 50 to 54, 55 to 59, and 60 to 64 report increases in full-time employment of 1.5, 1.5 and 2.6 percentage points over the past year, respectively.

Women aged 50 to 64 years are considerably more likely than men of the same age to be in part-time employment, with around three in ten (27.0%) women aged 50 to 64 years in part time employment in 2024 compared to around one in ten (9.9%) men of the same age. This trend holds true across all five-year age bands between ages 50 and 64 years where women are more likely to be in part-time employment than men.

The proportion of people aged 50 to 64 years in self-employment decreased from 17.8% in 2023 to 16.9% in 2024. Conversely, the proportion of people aged 35 to 49 years in self-employment increased from 12.5% in 2023 to 13.0% in 2024. Although, those aged 50 to 64 years are still more likely to be self-employed than those aged 35 to 49.

Full-time and part-time employment rates of people aged 35 to 49 years and people aged 50 to 64, UK

Source: Table 4 Economic Labour Market Status of individuals aged 50 and over statistics.

Working patterns

In 2024, there was a similar distribution of hours worked for adults aged 35 to 49 years and aged 50 to 64 years. Around 68.1% of adults aged 50 to 64 years and around 72.7% of adults aged 35 to 49 years work 30 hours or more per week. Females aged 50 to 64 years were more likely to work fewer hours per week than males, with twice as many females (43.3%) working under 30 hours compared to males (21.1%). This is broadly similar to the trends seen for those aged 35 to 49 years.

Adults aged 50 to 64 years follow a similar distribution across their main work location to those aged 35 to 49 years, with the majority of those in employment mainly working at ‘somewhere quite different from home’. This holds true for both males and females across both age groups.

Working patterns between those aged 50 to 64 years and those aged 35 to 49 years are relatively similar. A key difference between genders across working patterns is term-time working. Females aged 50 to 64 years are around five times more likely to work term-time compared to males in 2024 (7.3% of females compared to 1.4% of males aged 50 to 64 years).

Employment by industry sector

Workers aged 50 to 64 years have a broadly similar distribution amongst industry sectors to those aged 35 to 49 years. Around one in six (18.1%) workers aged 50 to 64 years are employed in the banking and finance sector and around one in five (19.6%) of those aged 35 to 49 years are also employed in this sector. This is the most likely sector for individuals in both age groups to be employed in.

The sector with the lowest proportion of people employed in both age groups is the agriculture, forestry and fishing sector, with only 1.0% of those aged 50 to 64 years and 0.5% of those aged 35 to 49 years employed in this sector.

The largest proportion of females aged 50 to 64 years are employed in the human health and social work activity sector (24.4%), this is followed by the education sector (17.1%), and then the banking and finance sector (16.0%). This trend remains similar to the previous year.

In comparison, males aged 50 to 64 years have a more even distribution across all industry sectors, with 20.1% of those aged 50 to 64 employed in the banking and finance sector, followed by transport and communication (15.2%) and then distribution, hotels and restaurants (12.9%). Again, these trends remain similar to that of the previous year.

Men aged 50 to 64 years are around two times as likely as women to be employed in manufacturing, (12.6% compared to 5.4%), almost four times as likely to be employed in the transport and communications sector (15.2% compared to 4.1%) and five times as likely as women to be employed in the construction sector (10.3% compared to 1.9%).

Proportion of people aged 35 to 49 years and people aged 50 to 64 years employed by industry sector, 2024, UK

Source: Table 13 Economic Labour Market Status of Individuals aged 50 and over statistics.

Even though those aged 50 to 64 are most likely to be employed in the banking and finance sector, this age group only makes up around 28.7% of all people aged 16 to 64 who are employed within this sector. Meanwhile, less than 1% of those aged 50 to 64 are employed in the agriculture, forestry and fishing sector, but this group makes up 42.8% of all people aged 16 to 64 employed in this sector.

Out of all sectors, the distribution, hotel, and restaurant sector had the lowest proportion (25.4%) of those aged 50 to 64 as a proportion of those aged 16 to 64 employed in the sector and the agriculture, forestry and fishing sector having the highest proportion of those aged 50 to 64 employed.

Individuals aged 50 to 64 years as a proportion of those aged 16 to 64 years who are employed within each sector, 2024, UK

Source: Table 21 Economic Labour Market Status of individuals aged 50 and over statistics.

Employment by region/country

Within countries in the United Kingdom, Wales had the lowest employment rate among those aged 50 to 64 years at 60.3%, with the highest employment rate in England at 71.9%.  Wales has seen a statistically significant decrease in the employment rate of those aged 50 to 64 years from 2023 to 2024, with the employment rate decreasing by 9.8 percentage points.

Of all regions in England, the North East of England had the lowest employment rate for people aged 50 to 64 years at 64.2% and was statistically significantly lower compared to the average across England (71.9%). The highest employment rate for people aged 50 to 64 years was in the South West of England, with an employment rate of 75.9%, but is not statistically significantly higher than the employment rate for those aged 50 to 64 years across England on average.

There is variation in the employment rate gap between people aged 35 to 49 years and people aged 50 to 64 years across regions and countries. The lowest employment rate gap is in Scotland (11.7 percentage points), whilst Wales has the largest gap (21.9 percentage points).

In 2024, the employment rate gap between the North East and South East increased for those aged 50 to 64 years from 7.2 percentage points in 2023 to 11.5 percentage points in 2024.  The employment rate gap between those aged 35 to 49 years in the same regions also increased, but by a lesser amount, with the gap increasing from 4.5 percentage points in 2023 to 7.2 percentage points in 2024.

The same trend can be seen between the North West and South West with the employment rate gap increasing from 4.8 percentage points in 2023 to 5.7 percentage points in 2024.

Employment rates of people aged 35 to 49 years and people aged 50 to 64 years by region, 2024, UK

Source: Table 14 – Economic Labour Market Status of individuals aged 50 and over statistics.

Employment by ethnicity

Of ethnicities with reliable sample sizes, those of ‘Indian’ ethnicity reported the highest employment rate for those aged 50 to 64 years (81.6%) whilst those with a reported ethnicity of ‘Other ethnic group’ reported the lowest (55.2%).

The employment rate gap of individuals aged 50 to 64 years and aged 35 to 49 years with a reported ethnicity of ‘Other ethnic group’ was 20.9 percentage points, this was the largest employment rate gap across ethnicity categories with reliable sample sizes. This was followed by those of ‘White’ ethnicity, with the employment rate gap between those aged 35 to 49 and 50 to 64 years at 15.3 percentage points.

Employment by highest qualification

In general, the higher the education level obtained for individuals aged 50 to 64 years, the higher the employment rate. Individuals aged 50 to 64 years with degree level qualifications or equivalent are more likely to be in employment (79.6%) than those with no qualifications (46.2%).

The employment rate gap between individuals with no qualifications and those holding any type of qualification was larger than any employment rate gap observed between the levels of qualification obtained. For example, the employment rate gap between individuals aged 50 to 64 years with no qualifications and those with ‘GCSE grades A-C or equivalent’ was 21.0 percentage points in 2024. This is statistically significantly larger than the employment rate gap between those with ‘GCSE grades A-C or equivalent’ and degree level qualifications, with the gap standing at 12.4 percentage points in 2024. A similar trend can also be seen for those aged 35 to 49 years.

The employment rate of women aged 50 to 64 years with a degree or equivalent is 5.5 percentage points lower than that of men of the same age. However, the employment rate of women aged 50 to 64 years with no qualifications (38.9%) is 15.7 percentage points lower than men of the same age (54.6%), though his difference has decreased over the last year.

6. Economic inactivity

The economic inactivity rate for people aged 50 and 64 years in 2024 was 27.4%. This is an increase of 0.2 percentage points compared to 2023. This increase is not statistically significant.

The economic inactivity rate for people aged 50 to 64 years fell steadily from 39.4% in 1984 through to 2019, when it stood at 25.5%. For the following three years, the rate increased up to 27.4% in 2022, at which point it now remains the same rate as that seen in 2022 and higher than that in 2019. An equivalent sustained increase after 2019 was not evident in the economic activity rate for individuals aged between 35 and 49, where the rate has been more consistent and was at 12.5% in 2024, the same as the rate in 2019.

From age 50 onwards, the economic inactivity rate generally increases with individual age. In 2024, at age 50 the inactivity rate was 17.4% which increased to 58.1% at age 65 and further increased to 69.3% at age 66, with both increases being statistically significant.

The economic inactivity rate of people aged 65 years has decreased over the last decade, from 72.8% in 2014 to 58.1% in 2024. This decrease is statistically significant.

For the five-year age bands for those aged between 50 and 69, the economic inactivity rate for those aged 50 to 54 and those aged 55 to 59 has increased since 2019, by 2.3 and 1.9 percentage points respectively. However, for the 60 to 64 age band, the economic inactivity rate is now lower in 2024 than in 2019 by 1.3 percentage points, despite an increase in inactivity in 2021 and 2022. Similarly, the economic inactivity rate for the 65 to 69 age band is lower now than in 2019, by 4.5 percentage points, and decreased 1.1 percentage points over the last year.  

The long-term decrease in the economic inactivity rate for people aged between 50 and 64 has been largely driven by the decreased inactivity rate of women in this age range, which has decreased by 17.1 percentage points between 1995 and 2024 compared with a 5.2 percentage point decrease for men of the same age. The economic inactivity rate for women aged between 50 and 64 remains statistically significantly higher, at 31.3% in 2024 when compared to men of the same age (23.2%).

Economic inactivity by five-year age bands, UK

Source: Table 6 Economic Labour Market Status of individuals aged 50 and over statistics.

Inactivity by country and region

In 2024, Wales had the highest economic inactivity rate for people aged 50 to 64 (38.1%), this was statistically significantly higher than the economic inactivity rate in England (26.4%) and Scotland (28.9%), and also higher than Northern Ireland (34.6%) but this was not statistically significant.

Between 2023 and 2024, in Wales there was a statistically significant increase of 10.1 percentage points in the economic inactivity rate for people aged 50 to 64 years. The economic inactivity rate decreased in England (by 0.3 percentage points), Scotland (by 0.6 percentage points) and Northern Ireland (by 0.6 percentage points) over the same year, although these decreases were not statistically significant. 

The economic inactivity rate for people aged 50 to 64 years is higher than those aged 35 to 49 across the UK, with an economic inactivity rate gap of 14.9 percentage points. The gap in economic inactivity rate between those aged 50 to 64 and aged 35 to 49 years was highest in Wales (22.6 percentage points), compared to England (14.6 percentage points), Scotland (11.6 percentage points), and Northern Ireland (19.5 percentage points).

In all the regions in England, the South East had the lowest economic inactivity rate for those aged 50 to 64 years (22.3%), followed by the South West (22.7%) and the East of England (26.1%). The North East had the highest economic inactivity rate for those aged 50 to 64 years (33.2%), followed by Yorkshire and the Humber (29.4%) and the North West (28.7%). The inactivity rate gap between the North East and the South East was 10.9 percentage points, which is statistically significant.

Compared to 2023, the largest percentage point decrease in the economic inactivity rate for those aged 50 to 64 years was in the South West (2.9 percentage points), and the largest percentage point increase was in the East of England (1.9 percentage points), though these are not statistically significant.

Reasons for not looking for work, individuals aged 50 to 64 years who are inactive

In 2024 there were 3.6 million people aged 50 to 64 years who were economically inactive in the UK, of which 1.5 million were men and 2.1 million were women.

Of the 3.6 million economically inactive individuals aged 50 to 64, 44.9% gave ‘sick or disabled’ as the main reason for not looking for work. This has increased by 1.1 percentage points in the past year, though is not statistically significant. A further 29.4% gave the reason ‘retired’ and 14.0% gave the reason ‘looking after home or family’. The remaining inactive people aged 50 to 64 years (11.8%) gave ‘other’ as the main reason for not looking for work.

In 2024, the proportion of economically inactive women aged 50 to 64 who gave ‘looking after home or family’ as the main reason for not looking for work (17.6%) was statistically significantly higher compared to economically inactive men of the same age (8.9%), with women being twice as likely than men to report this reason. Meanwhile, the proportion of economically inactive men aged 50 to 64 giving the main reason as ‘retired’ (32.1%) was statistically significantly higher than economically inactive women of the same age (27.4%).  

Reasons for not looking for work, individuals aged 50 to 64 who are inactive but are willing or would like to work

In 2024, there were around 510,000 people aged 50 to 64 years who were economically inactive but were willing to, or would like to, work. Of those, 64.6% gave the reason for not looking for work as being ‘sick, injured or disabled’, an increase of 1.5 percentage points from 2023. ‘Looking after home or family’ was given as a reason by 13.8% and 21.6 % gave the reason of “other”.

Similarly, to all economically inactive individuals aged between 50 and 64, among those who are willing or would like to work a higher proportion of women (17.2%) gave ‘looking after home and family’ as the main reason for not looking for work than men (10.5%). For women, this proportion was a decrease of 3.2 percentage points compared with 2023, whereas the proportion for men increased by 6.1 percentage points.

Inactivity and previous employment

In 2024, 50.4% of individuals aged 50 to 64 who were inactive left their job five or more years ago. A higher proportion of women (54.1%) aged 50 to 64 who were inactive left their job more than five years ago compared to men (45.2%). The next highest proportion were inactive individuals who had left their job in the last year (10.3%).

In 2024, the highest proportion of individuals aged 50 to 64 that were inactive and left their job in the last 2 years worked in the banking and finance sector (15.3%), followed by the distribution, hotels and restaurants sector (14.4%).

Of those that are inactive due to retirement and left their job in the last 2 years, the highest proportion worked in the education sector (16.6%), followed by the banking and finance sector (15.9%).

7. Unemployment

As well as increases in employment rates for people aged 50 to 64 years from 2023 to 2024, the unemployment rate for the same age group has decreased by 0.5 percentage points from 2.9% to 2.4%. This change is statistically significant.

The unemployment rate for people aged 50 to 64 years follows a similar overall trend to the unemployment rate for people aged 35 to 49 years, with both rates tracking very closely since 2014. However, for the first time since 2015, the unemployment rate for those aged 50 to 64 years in 2024 has dipped below the unemployment rate of those aged 35 to 49 years, though this change is not statistically significant.

Unemployment rate for people aged 35 to 49 years and people aged 50 to 64 years, 1984 to 2024, UK

Source: Table 8 Economic Labour Market Status of individuals aged 50 and over statistics.

In the mid-1990s the unemployment rate for men aged 50 to 64 years was around 5.0 percentage points higher than the rate for women of the same age. At this time, women aged 50 to 64 years were more likely than men to be economically inactive. The gender difference in the unemployment rate started to narrow from the mid-1990s onwards. In 2024 the difference in unemployment rate gap between men and women aged 50 to 64 halved from 1.0% in 2023 to 0.5% in 2024, this change is statistically significant.

Those aged 50 to 64 years who are unemployed, are more likely to be unemployed for a shorter amount of time than be classified as “long-term unemployed” (defined as being unemployed for 12 months or more). In 2024, 70.1% of people aged 50 to 64 years had been unemployed for less than 12 months and 29.9% had been unemployed for more than 12 months.

Despite this, of those who are unemployed, individuals aged 50 to 64 years are more likely to be classified as long-term unemployed than unemployed individuals aged 35 to 49. In 2024, out of those who are unemployed, the proportion of individuals aged 50 to 64 years who were long-term unemployed was 29.9% compared to only 25.2% of those long-term unemployed aged 35 to 49 years, a 4.7 percentage point gap. Over the past year, the gap between those long-term unemployed aged 50 to 64 years and those aged 35 to 49 years has decreased from 17.9 percentage points to 4.7 percentage points. This change is statistically significant.

Proportion of those unemployed for 12 months or longer, of those unemployed for people aged 35 to 49 and 50 to 64 years, 2023 and 2024

Source: Table 20 Economic Labour Market Status of individuals aged 50 and over statistics.

Of the 2.2 million people aged 50 to 64 years who were not in work in 2024 (those inactive or unemployed) and who had left their last job at some point in the last eight years, around one third (32.6%) gave a reason for leaving their last job as ‘retirement’. This has decreased since 2023 (from 33.5%).

Those leaving their last job due to ‘health reasons’ has increased in the past year. In 2024, 27.9% of individuals had left their last job in the last eight years due to ‘health reasons’. This has increased by 3.2 percentage points since 2023, this increase is statistically significant.

Women are more likely than men to have left due to ‘looking after the home or family’ with 11.7% of females leaving due to this reason compared to 5.1% of males.

Reason for leaving last job, people aged 50 to 64 who are not in work, UK

Source: Table 15 Economic Labour Market Status of individuals aged 50 and over statistics.

8. About these statistics

These ‘Official Statistics in Development’ have been compiled using data from the Labour Force Survey (LFS). The LFS is produced by the Office for National Statistics (ONS) and follow the same definitions and UK coverage used in the ONS Labour Market Statistics bulletin.

As part of continuing work to improve Labour Force Survey estimates (which have been affected by changes to survey operation caused by the coronavirus (COVID-19) pandemic), typical weighting methodology was reinstated from 13 February 2024. The new reweighted LFS estimates incorporate latest estimates of the size and composition of the UK population, improving representativeness. Reweighting has been applied from July to September 2022. Find more information on reweighting.

Due to the ongoing challenges with response rates and levels, LFS-based labour market statistics will be badged as ‘Official Statistics in Development’ until further review. This is in line with the letter from the Office for Statistics Regulation (OSR).

Pre-release access

In addition to staff who are responsible for the production and quality assurance of the statistics, up to 24-hour pre-release access is provided to Ministers and other officials. We publish the job titles and organisations of the people who have been granted up to 24-hour pre-release access to the latest Economic 50+ Labour Market Statistics.

Where to find out more

For more information on the LFS see the background information and methodology document released alongside these statistics.

This release, the summary tables and background information for the statistics, can be found on the Economic labour market status of individuals aged 50 and over page.

More information about the LFS can be found on the Labour Force Survey (LFSQMI.

Contact information and feedback

The Department for Work and Pensions (DWP) would like to hear your views on these statistics. We would be interested in hearing what you use them for and how well they meet your requirements. Please e-mail at 50pluschoices.analysis@dwp.gov.uk

Press enquiries should be directed to the DWP Press Office: 020 3267 5144

Authors: Ian Briedis, Daniel Ward and Daniel Jendrzejewski

Lead Analyst: Millie Gallimore

ISBN: 978-1-78659-699-4