Click Fraud Protection

Connecting...

Unemployment falls to 42-year low

News | ONS | Unemployment | Wages

W1siziisijiwmtcvmdgvmtyvmtmvndkvmtmvmje1l1dhdgvyzmfsbcaomikuanbnil0swyjwiiwidgh1bwiilcixmdawedqwmcmixv0

Unemployment in the UK has fallen to a 42-year low, according to new figures from the Office for National Statistics (ONS).

Estimates from the latest Labour Force Survey show that, between January to March and April to June of this year, the number of people in employment increased, while the number of unemployed people fell. The number of people under retirement age not working and not seeking or available to work - known as economically inactive - also fell during the first half of the year.

Unemployment in the UK has fallen to a 42-year low, but average earnings fall in real terms, according to the Office for National Statistics.

The ONS found that there were 32.07 million people in work in the second quarter of 2017, which was 125,000 more than the previous three months and 338,000 more than a year earlier. The office also revealed that the UK’s total employment rate was 75.1 per cent. This is the highest figure since comparable records began in 1971.

According to the research, the country’s inactivity rate, which is the proportion of people aged from 16 to 64 who were economically inactive, was 21.3 per cent. This was down from 21.6 per cent a year earlier, and was the lowest since comparable records began in 1971.

As well as employment figures, the ONS also carried out research into earnings. It found that between April to June 2016 and April to June 2017, regular pay for UK employees increased by 2.1 per cent, which is slightly higher than the growth rate between March to May 2016 and March to May 2017, at two per cent.

However, the latest estimates show that average weekly earnings for employees in real terms, which have been adjusted for price inflation, fell by 0.5 per cent, compared with the previous year.

Senior labour market statistician at the ONS Matt Hughes said: “The employment picture remains strong, with a new record high employment rate and another fall in the unemployment rate. Despite the strong jobs picture, however, real earnings continue to decline.”


Posted by Jon Aspinell on 16th August 2017

SHARE

RECENT CONTENT
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Technical Support (Print)

Leicester

£30,000

Do you have a degree or HNC in Electronic or Electrical Engineering? Are you keen to build a career as a customer fac...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Technical Support (Print)

Birmingham / Homebased

£30,000

Do you have a degree or HNC in Electronic or Electrical Engineering? Are you keen to build a career as a customer fac...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Graduate Web Developer

Newcastle

£25,000

The Ashdown Group has been engaged by a market leading national organisation to assist them in their search for a gra...

READ MORE
W1siziisijiwmtcvmdqvmjqvmtevmzmvndavnty5l21hcmsxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Events Assistant

City of London, London

£24,500 per annum

A highly successful, international business are looking for an Events Assistant to join their Events and Marketing te...

READ MORE
W1siziisijiwmtcvmdqvmjqvmtevmzmvndavnty5l21hcmsxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Digital Campaigns Project Manager

City of London

£65,000

A consumer led household name with a portfolio of 10+ gaming, gambling and sports betting services has created an ess...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavntavmdavnde5l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznemd2tkrzdk1qttjmmjfoy21zeuxtlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Business Development Executive

Bedford

£25,000

Join an iconic global electronics brand with offices in Bedfordshire as a Junior Business Development Executive. Join...

READ MORE
W1siziisijiwmtcvmtavmtkvmtavmtgvmdmvnziyl3rvchrhbgvudc1taw4uanbnil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Advice

Competing for top talent: From company culture to career development

When you’re looking to hire, the job doesn’t stop when your recruitment partner presents you with a list of appropria...

READ STORY

W1siziisijiwmtcvmtavmtkvmtavmtyvmzevmtm2l3jhaw4tbwlulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mcnuzsjdxq
Income

Employment rate rises to 32.1 million

The number of people in employment in the UK rose between March to May 2017 and June to August 2017, according to the...

READ STORY

W1siziisijiwmtcvmtavmtkvmtavmtuvmjuvnjmzl0hlyxj0cy1taw4uanbnil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
News

One in five employees unhappy at work, says survey

One in five workers are unhappy in their current jobs, according to new research conducted by energy comparison site ...

READ STORY

W1siziisijiwmtcvmtavmdmvmdgvmjqvmzavmtmvtwfya2v0aw5nmi1taw4uanbnil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Insight

Supporting candidates through the interview process

Knowing whether you should play good cop or bad cop in an interview is not always obvious. It depends largely on the ...

READ STORY

W1siziisijiwmtcvmdkvmtgvmtyvmdgvndqvmjg5l0v4zwn1dgl2ztmtbwlulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mcnuzsjdxq
Insight

Is faster better?

‘Hire slow, fire fast’ - it’s an old business adage that continues to hold traction today. But in today’s hiring envi...

READ STORY

W1siziisijiwmtcvmdkvmtqvmdgvndkvmdmvntiwl0xpz2h0cy1taw4uanbnil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
News

Unemployment falls to 4.3 per cent

Unemployment in the UK fell to 4.3 per cent between February to April 2017 and May to July 2017, the lowest since 197...

READ STORY