Remember those public health vs the economy debates & headlines in 2020-21 when we were saying #CountLongCovid?
Well here goes an answer from none other than the Bank of England.
The quotes below are from a speech by Michael Saunders, Monetary Policy Committee Member:
1/5
Well here goes an answer from none other than the Bank of England.
The quotes below are from a speech by Michael Saunders, Monetary Policy Committee Member:
1/5
"Since Q4-19, the number of people aged 16-64 years that are outside the workforce and do not want a job has risen by 525,000 (1.3% of the 16-64 age population)."
2/5
2/5
"This largely reflects increases in long-term sickness (roughly 320,000 people) and retirement (90,000), with smaller contributions from lower participation among students (65-70,000) and short-term sickness (30-35,000 people)."
3/5
3/5
"The share of the 16-64 population who are outside the workforce and do not want a job because of long-term sickness is a record high, with an especially sharp rise among women."
P.S. we know that #LongCovid is more common in working age groups and women.
4/5
P.S. we know that #LongCovid is more common in working age groups and women.
4/5
"I suspect much of this rise in inactivity due to long-term sickness reflects side effects of the pandemic, for example Long Covid and the rise in NHS waiting lists."
5/5
Source: bankofengland.co.uk/speech/2022/ma…
5/5
Source: bankofengland.co.uk/speech/2022/ma…
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