Click Fraud Protection

Connecting...

Unemployment falls to 4.3 per cent

News | Unemployment | Statistics | Earnings

W1siziisijiwmtcvmdkvmtqvmdgvndkvmdmvntiwl0xpz2h0cy1taw4uanbnil0swyjwiiwidgh1bwiilcixmdawedqwmcmixv0

Unemployment in the UK fell to 4.3 per cent between February to April 2017 and May to July 2017, the lowest since 1975, according to new figures published by the Office for National Statistics (ONS).

The ONS also found that the number of people aged between 16 and 64 not working and not seeking or available to work, known as economically inactive, also fell in the period from May to July 2017, standing at 21.2 per cent.

When taking into account the number of economically inactive people in the UK, the country’s employment rate stood at 75.3 per cent, in the months from May to July, which is the highest since comparable records began in 1971.

Matt Hughes, senior ONS statistician, said: “Another record high employment rate and a record low inactivity rate suggest the labour market continues to be strong. In particular, the number of people aged 16 to 64 not in the labour force because they are looking after family or home is the lowest since records began, at less than 2.1 million.”

Earnings were comparatively stagnant, at £474 per week before tax, which was up from £465 per week for a year earlier. In real terms, however, wages fell by 0.4 per cent over the last year. This is being blamed on inflation rising sharply since the Brexit result was announced.

There was a drop in the number of job vacancies between June and August 2017, which was 24,000 more than for the previous year, but 7,000 fewer than for March to May this year.

The Recruitment & Employment Confederation chief executive Kevin Green said: “Businesses continue to hire despite economic and political uncertainty. The fact that 379,000 more people are in jobs compared to a year ago is great news.”

He went on to say that with unemployment standing at 4.3 per cent, it will become “even harder for employers to fill jobs”, explaining that there are just 1.9 unemployed people for every vacancy.

Mr Green said that businesses “can only grow if they have access to the people and skills they need”.


Posted by Jon Aspinell on 14th September 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