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Perhaps more surprisingly, the ONS figures showed that only 15 per cent of them had lost their job. Sixty per cent of them hadn’t expected to leave work early.
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In February 2022 it asked those over-50s who had reported being out of work a series of questions which all boiled down to one word – why?The largest group to quit their jobs with no intention of finding a new one were professionals and associate professionals – including doctors, scientists, defence staff, people in manufacturing, transport and financial services.
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Or rather, it wasn’t – until the ONS did something unprecedented. Since the start of the pandemic in March 2020, the number of 50- to 64-year-olds who are neither working nor looking for a job has risen by almost 250,000.The Great Grey Resignation is surprising for the statisticians at the ONS for two reasons: firstly, it’s a dramatic reversal of the 10 years leading up to the pandemic, when the over-50s were heading into the workplace in ever greater numbers and, secondly, it isn’t entirely clear why they’re leaving. There were half a million fewer 50- to 70-year-olds in the workplace compared with the same period in 2019.