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The number of economically inactive people in the UK is beginning to fall. The chart above illustrates the cumulative change in economically inactive people across the economy since the beginning of the pandemic.
A continuation of the slow decline of those defined as economically inactive could indicate that the cost of living crisis is driving people back into work. A dramatic fall in the number of students defined as economically inactive, shown in the purple bar above, has been the primary contributor to this downward movement.
There is little evidence that those over 50’s are yet to be tempted back into the workforce, with the number of those between 50-64 defined as economically inactive rising over the period.
(Economic inactivity refers to people of working age who do not have a job and are not actively searching for one.)