Record Number of Britons Seeking Jobs as ‘Economic Inactivity’ Drops Amid Rising Cost of Living
A record number of people are entering or returning to the UK job market as the cost of living continues to rise, the latest official data shows.
Britain’s economically inactive population increased during the COVID-19 pandemic as many older workers chose to retire early.
But over recent months, there has been a wave of people entering or returning to the workplace as rising cost of living puts pressure on household finance.
“Flows estimates between July to September 2022 and October to December 2022 show that there was a record-high net flow out of economic inactivity, driven by people moving from economic inactivity to employment,” said the Office of National Statistics (ONS)….