The employment rate of those 65 or older in your country is an important statistic to know. It can give you an idea of how much people are working and whether they have a job, which might be necessary for things like retirement planning.
The unemployment rates
The unemployment rates among the elderly in some countries is surprisingly high, while others show that many of these individuals are able to lead active lives later into their years. In this post we will discuss what the employment rate of those 65 or older in your country is and why it’s important for you to know!
In order to find the employment rate of those 65 or older in your country, you must first know what it is for people aged 15-64. The elderly are more likely than this demographic to be unemployed and looking for work. This can’t necessarily happen because they are retired but rather because there may not be a large number of jobs available at their age group that correspond with their skillset, or if they do exist then these opportunities might require qualifications which many aging adults don’t have.
Thankfully most countries recognize this issue so they provide safety nets such as unemployment benefits specifically designed for this population segment. Predictably, the lowest levels of senior citizen employability were found in China (the only place on Earth where retirement was recently.
