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Never since 1975 has had so many older people in employment, but the country remains far behind the European average (especially among the 60-64 years)

More than 60% of young people aged 55 to 64 were in employment in 2024. An unprecedented level partly supported by pension reforms in recent years, but who remains below the EU average.

A new album. For the tenth consecutive year, the employment rate of the elderly (55-64 years) reached a higher historical in 2024, with 60.4% (+2 points for a year). Challenge since this indicator was measured in 1975, according to Dares.

The proportion of older people in employment in France still remains below the European average (65.2%), France is in 17th place among the 27 EU countries. But the gap is slightly hardening, while the French rate increased more than the European rate last year (+1.3 points).

Good news for the government that has made the use of older people one of their priorities in particular through the creation of a senior senior contract voted in early July by deputies. A measure of a series of agreements signed in the autumn of 2024 among the partners, one of whom referred to the use of the elderly.

A employment rate that increases under the effect of successive pension reforms

With 49% in 1975, the employment rate from 55 to 64 years fell significantly in the years that followed, in particular after the reduction of the retirement age of 65 to 60 years for a 37.5 -year race in 1983. The decrease continued until the end of the 1990 Rights, “explains Dar.

First, the lengthening of the filling reform in 2003 The duration of the subscription to obtain a retirement of full rates at 60 years, then the 2010 reform related to the legal age at 62 and, finally, the 2014 Touraine reform, which also increased the duration of the insurance required to benefit from a complete degree.

These gradual retirement age reports have contributed mechanically to the rebound in the employment rate of people over 12.4 points in the last ten years, while the participation of retirees in young people aged 55 to 64 decreased by 11.7 points.

What impact of the pension reform of 2023?

If the 2023 pension reform that eliminates the legal era of the game at 64 has not yet produced its effects, it already has an impact on the employment rate of the first interested generations, namely people born after September 1, 1961 and especially those born in 1962.

“This generation and the next born in 1963 are, at the same age, more often in employment than generations from 1959 to 1961, not worried or partially concerned about the reform,” observes the daring. In this case, the employment rate of the generation of 1962 in 60 is 6 more than that of the generation of 1961 (63% against 57%) and even 10 points at the age of 62 (46% against 36%).

However, the statistical service of the Ministry of Labor points out that the increase in the employment rate at 62 between generations 1961 and 1962 “does not compensate for the fall in the proportion of retirees (13 points)”. In other words: “The proportion of people neither in employment nor in retirement at that age increases for generations concerned with the reform of the pension of 2023”.

A employment rate that remains low in 60-64 years

If the employment rate progressed more among children aged 55 to 59 than between 60-64 years in 2022, the entry into force of the pension reform in 2023 produced the opposite effect with an increase rate of 3.4 points in children 60-64 years and 0.8 points between 55-59 years.

However, the employment rate continues to decrease significantly with age. It only amounts to 42.4% between 60-64 years, 10.7 points less than the European average. This relegates France to the 22nd place of the EU. On the contrary, the employment rate is 55-59 years in France is higher than the European average (77.8% against 76.8%).

Author: Paul Louis
Source: BFM TV

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