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Unemployment levels for women aged 65 or over have more than tripled over the past year, new research has warned. An analysis by Rest Less found that between March 2020 and 2021, unemployment levels amongst women aged 65 and over have increased from 7,200 to 21,000 in a single year. This is an increase of around 193 per cent. Following the pandemic, economic activity amongst this group has also fallen. Between March-May 2021, there were 32,000 fewer women aged over 65 either working or actively looking for work than in the same time a year ago – a fall of 5.5 per cent. However, this rise in unemployment levels was also noted among this group more widely. Unemployment levels for those aged 65 and over increased by 53 per cent in a year – a greater percentage increase than any other age group. Furthermore, the unemployment rate for women aged over 65 is now at an all time high, reaching its peak at 3.8 per cent. This was significantly higher than the 1.2 per cent recorded at this time last year and also higher than the rate of 2.3 per cent amongst men aged 65 and older. Stuart Lewis, Founder
