British finance minister Jeremy Hunt should try to boost employment across all age ranges in Wednesday's budget statement, and not focus primarily on the over-50s, a human resources professional body said on Sunday.
The Chartered Institute for Personnel and Development said there were more people aged 16 to 24 who were unemployed or outside the labour market and wanting a job than there were in the 50 to 64 age group.
Unlike in most other rich countries, Britain's labour force is still notably smaller than it was before the COVID-19 pandemic. Around three quarters of the loss of workers has been made up of people aged between 50 and 64, due to a mix of early retirement and ill health. But the CIPD pointed to the high number of younger people who were outside the labour market.
"It's important that the current focus on addressing the decline of over-50s in employment doesn't obscure the need and opportunity to get more young people into work," CIPD economist Jon Boys said.
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