Depth of worklessness crisis revealed as number of job dropouts revised up [Yahoo! Finance]
INVESTEC LTD UNSP/ADR (ITCFY)
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Source: Yahoo! Finance
There are now 9.25 million people aged between 16 and 64 who are neither in work nor looking for work, according to the Office for National Statistics (ONS), meaning they are officially classed as “economically inactive”. Officials have revised the figures upwards because the adult population is almost 750,000 bigger than previously expected, fuelled by greater levels of immigration. The bulk of this 750,000 is made up of people who are not working nor looking for work , as the figures show that 172,000 are employed, 30,000 are unemployed and 414,000 are inactive. Ill health has been cited as a key driver, with a total of 2.8m people of working age having quit the jobs market because of long-term sickness. This is up from 2.6m previously. Analysis found that an extra 108,000 were out of work because they were looking after family or a household, while there are also 142,000 more students. Hannah Slaughter, economist at the Resolution Foundation, said the new figures show th
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