There was an item on the Radio 4 Today program yesterday about how employers are finding it increasingly difficult to fill vacancies. A CEO of a recruitment agency said it was men in their 50s who are leaving the labour market. They did some research into the reasons and got responses like 'I would work for £20 ph, not £9.60, 'It's not worth working for minimum wage after deductions' and 'it's the way we are treated now at work'.
These 'missing' employees are not shown in unemployment statistics as they don't register for unemployment benefits.I assume that is because some will have received a perhaps reduced company pension, or they get another type of benefit.
This would mean there are vacancies for younger people to move into, and opportunities for RM staff who are generally regarded as having a good work ethic to get jobs with other employers.