( CIPD Press Release ): Two-thirds of the 350,000 additional jobs created in the UK in 2010 havegone to young people aged under-35, with the remainder filled by peopleaged-over 50. People in the 35-49 year age bracket (easily the largestsingle age demographic in the workforce, comprising almost 11 millionworkers) have therefore missed out and continue to register a rise inunemployment. The number of 'middle aged' Britons in work is now 320,000(2.9%) lower than at the start of the recession in spring 2008.
This is the key finding from the latest Work Audit of official labourmarket statistics - The 2010 Jobs Recovery - published today by theChartered Institute of Personnel and Development (CIPD).
Dr John Philpott, author of the report and the CIPD's Chief EconomicAdviser comments: "It is not clear why 35-49 year olds have so far beenbypassed by the jobs recovery. One possibility is that this group hasreceived less help and support from policy makers than either younger orolder people. Despite losing out in the recovery, middle aged workers stillhave relatively high employment rates and relatively low unemployment ratesso don't figure on the radar of social concern. Another possibility is thatbecause middle aged workers are at, or approaching, their peak careerearnings they may be less attractive to some employers than younger orolder workers who can be employed at less cost. Or it could be that forpeople in mid-career, and at a time of life when their role as familybreadwinner is at its height, the prospect of downshifting into a part-timeor temporary job is not an attractive option, while alternatives open tothe younger and older person such as entering a course of study or earlyretirement are not practical.
"The fact that such a large and core part of the workforce has been slow tobenefit from the jobs recovery makes it easy to understand why so manypeople remain unconvinced that the economy is really on the up. Thingsshould improve for this group once the economy starts to generate morefull-time and permanent jobs. But with slower growth likely in 2011,'middle aged Britons' may continue to feel bypassed in the labour marketfor a little while longer yet."
The CIPD Work Audit also finds:
1) Employees account for just under two-thirds (63%) of the 350,000 jobsadded to the economy between the first and third quarters of 2010 (theremainder is mostly self employed people (30%), a small group of unpaidfamily workers (6%) and also people on government jobs schemes (1%)).
2) More than 9 in 10 (95%) of the additional employees in employment areworking part-time, while 1 in 3 of the additional employees are working intemporary jobs. There has been no recovery in full-time permanent jobs foremployees.
3) Men account for more than 8 in 10 (83%, or 289,000) of the jobs added tothe economy in 2010.
Commenting on the gender breakdown of new jobs, Dr Philpott said: "Therelative experience of men and women in the labour market in 2010 is thereverse of what happened during the course of the recession in 2008 and2009. At that time women benefited from their relatively highrepresentation in the public sector which saw a small rise in employmentwhile the private sector was shedding jobs (women account for two thirds ofpublic sector jobs). The era of fiscal austerity is likely to be asuncomfortable for women as the recession was for men."