UK Employment Rate at its Highest for over 45 years

Recent figures published by the Office for National Statistics (ONS) show that the employment rate for the UK is at its highest level since 1971.
 
Encouraging to see that the unemployment rate has fallen fastest in the 18-24 years' age group. However, this good news is in stark contrast to the experience of those aged over 50, where unemployment has not fallen at all over the past 12 months.