UK unemployment below 2m

UK Labour Market, October 2014

Key Points for June to August 2014

  • There were 1.97 million unemployed people, 154,000 fewer than for March to May 2014 and 538,000 fewer than a year earlier. This is the largest annual fall in unemployment on record. Records for annual changes in unemployment begin in 1972.
  • The unemployment rate continued to fall, reaching 6.0% for June to August 2014, the lowest since late 2008. The unemployment rate is the proportion of the economically active population (those in work plus those seeking and available to work) who were unemployed.
  • There were 9.03 million people aged from 16 to 64 who were out of work and not seeking or available to work (known as economically inactive). This was 113,000 more than for March to May 2014 but 46,000 fewer than for a year earlier.
  • The economic inactivity rate was 22.2%, higher than for March to May 2014 (22.0%) but lower than for a year earlier (22.4%).
  • There were 30.76 million people in work. This was 46,000 more than for March to May 2014, the smallest quarterly increase since March to May 2013. Comparing June to August 2014 with a year earlier, there were 736,000 more people in work.
  • The proportion of people aged from 16 to 64 in work (the employment rate), was 73.0%, slightly higher than for March to May 2014 (72.9%) and higher than for a year earlier (71.5%).
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