Unemployment falling

UK labour market statistics: Dec 2016 – ONS

  • There were 1.62 million unemployed people (people not in work but seeking and available to work), 16,000 fewer than for May to July 2016 and 103,000 fewer than for a year earlier.
  • There were 888,000 unemployed men, 13,000 fewer than for May to July 2016 and 53,000 fewer than for a year earlier.
  • There were 728,000 unemployed women, little changed compared with May to July 2016 but 49,000 fewer than for a year earlier.
  • The unemployment rate was 4.8%, down from 5.2% for a year earlier. It has not been lower since July to September 2005.
  • There were 8.91 million people aged from 16 to 64 who were economically inactive (not working and not seeking or available to work), 76,000 more than for May to July 2016 but 56,000 fewer than for a year earlier.
  • The inactivity rate (the proportion of people aged from 16 to 64 who were economically inactive) was 21.7%, higher than for May to July 2016 (21.5%) but lower than for a year earlier (21.9%).
  • There were 31.76 million people in work, little changed compared with May to July 2016 but 342,000 more than for a year earlier.
  • There were 23.20 million people working full-time, 235,000 more than for a year earlier. There were 8.56 million people working part-time, 107,000 more than for a year earlier.
  • The employment rate (the proportion of people aged from 16 to 64 who were in work) was 74.4%, slightly down from the joint record high of 74.5% recorded for May to July 2016 but higher than for a year earlier (73.9%).
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UK consumer price inflation rises

UK consumer price inflation: Nov 2016

  • The Consumer Prices Index (CPI) rose by 1.2% in the year to November 2016, compared with a 0.9% rise in the year to October.
  • The rate in November was the highest since October 2014, when it was 1.3%.
  • Rises in the prices of clothing, motor fuels and a variety of recreational and cultural goods and services, most notably data processing equipment, were the main contributors to the increase in the rate.
  • These upward pressures were partially offset by falls in air and sea fares.