UK recession hits aging women hardest

According to Labour party figures extracted from the House of Commons’ library, unemployment among British women aged 50 to 64 has increased 39% in the recent two years, compared to a 5% rise for all over-16s.

Moreover, the study, which was also based on anecdotal evidence of this group’s feeling of being ignored in the society, found that middle-aged women face a rapidly growing threat of changes to their pension arrangements.

“A double-dip recession made in Downing Street and the biggest squeeze on living standards for generations is leaving women in their 50s and 60s really overstretched,” said Yvette Cooper, the British shadow home secretary and shadow minister for women and equalities.

“Women in their 50s and 60s have seen the steepest increases in unemployment, the biggest assault on their pensions, and at the same time they are still being stretched in all directions, looking after their children and grandchildren, and caring for elderly relatives too.”

The research also found that while in the past year unemployment among middle-aged men has dropped by 1%, it has risen by 16% among women.

According to the study, there were 153,000 women aged 50 to 64 out of work between December 2011 and February 2012.

Earlier on March, a study issued by the union GMB, Britain’s third largest trade union, on the figures for employment in councils between the first quarter of 2010 and the third quarter of 2011, showed that of the 210,470 total jobs lost in local government, over two-thirds (68.2%) were among women.

SSM/HE

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