[Levin]

Richard Partington Economics correspondent
Tue 20 Dec 2022 00.01 GMT


An exodus of more than half a million people from the British workforce since the Covid pandemic is putting the economy at risk of weaker growth and persistently higher inflation

......

The House of Lords economic affairs committee said the sharp rise in economic inactivity – when working-age adults are neither in employment nor looking for a job – since the onset of the health emergency was posing “serious challenges” to the economy.

Against a backdrop of severe staff shortages across the country, it said earlier retirement among 50- to 64-year-olds was the biggest contributor to a rise in economic inactivity of 565,000 since the start of the pandemic.

Rising sickness rates among working-age adults, as well as changes in the structure of migration after Brexit and an ageing UK population were also key drivers behind the rise of the “missing” workforce, it said.


https://www.theguardian.com/business/202...my-at-risk

[cityhantam]

Can bring in more Hongkies mah!