Employment rate highest since 1971

UK labour market: Feb 2017 – ONS

Main points for October to December 2016

  • There were 31.84 million people in work, 37,000 more than for July to September 2016 and 302,000 more than for a year earlier.
  • There were 23.29 million people working full-time, 218,000 more than for a year earlier. There were 8.55 million people working part-time, 84,000 more than for a year earlier.
  • The employment rate (the proportion of people aged from 16 to 64 who were in work) was 74.6%, the highest since comparable records began in 1971.
  • There were 1.60 million unemployed people (people not in work but seeking and available to work), little changed compared with July to September 2016 but 97,000 fewer than for a year earlier.
  • There were 877,000 unemployed men, little changed compared with July to September 2016 but 48,000 fewer than for a year earlier.
  • There were 720,000 unemployed women, little changed compared with July to September 2016 but 50,000 fewer than for a year earlier.
  • The unemployment rate was 4.8%, down from 5.1% for a year earlier. It has not been lower since July to September 2005.
  • There were 8.86 million people aged from 16 to 64 who were economically inactive (not working and not seeking or available to work), 31,000 fewer than for July to September 2016 and 61,000 fewer than for a year earlier.
  • The inactivity rate (the proportion of people aged from 16 to 64 who were economically inactive) was 21.6%, slightly lower than for July to September 2016 (21.7%) and lower than for a year earlier (21.8%).
Advertisements

Inflation highest since June 2014

UK consumer price inflation: Jan 2017 – ONS

  • The Consumer Prices Index (CPI) rose by 1.8% in the year to January 2017, compared with a 1.6% rise in the year to December 2016.
  • The rate in January 2017 was the highest since June 2014.
  • The main contributors to the increase in the rate were rising prices for motor fuels and to a lesser extent food prices, which were unchanged between December 2016 and January 2017, having fallen a year ago.
  • These upward pressures were partially offset by prices for clothing and footwear, which fell by more than they did a year ago.