A U-Shaped crisis:The impact of Covid-19 crisis on older workers
It finds that older-age employment had been rising since the 1990s, driven by rising employment among older women. On the eve of the Covid-19 crisis, employment among older workers was at a record high (the 50-64-year-old employment rate in 2019 was 73 per cent, higher than at any point since comparable Labour Force Survey data begins in 1975). However the crisis has had a substantial impact on older-age employment between Q4 2019 and Q4 2020, the employment rate among those age 50 to 69 has fallen by 1.4 percentage points, compared to a 0.7 percentage point fall among those age 25 to 49.
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