Unemployment still falling

UK labour market: September 2017 – ONS

  • There were 1.46 million unemployed people (people not in work but seeking and available to work), 75,000 fewer than for February to April 2017 and 175,000 fewer than for a year earlier.
  • The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.3%, down from 4.9% for a year earlier and the lowest since 1975.
  • There were 8.74 million people aged from 16 to 64 who were economically inactive (not working and not seeking or available to work), 107,000 fewer than for February to April 2017 and 96,000 fewer than for a year earlier.
  • The inactivity rate (the proportion of people aged from 16 to 64 who were economically inactive) was 21.2%, down from 21.6% for a year earlier and the lowest since comparable records began in 1971.
  • There were 32.14 million people in work, 181,000 more than for February to April 2017 and 379,000 more than for a year earlier.
  • The employment rate (the proportion of people aged from 16 to 64 who were in work) was 75.3%, the highest since comparable records began in 1971.
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Inflation up to 2.9%

UK consumer price inflation: August 2017 – ONS

  • The Consumer Prices Index (CPI) 12-month rate was 2.9% in August 2017, up from 2.6% in July 2017.
  • The Consumer Prices Index including owner occupiers’ housing costs 12-month inflation rate was 2.7% in August 2017, up from 2.6% in July 2017.
  • Rising prices for clothing and motor fuels were the main contributors to the increase in the rate between July and August 2017.
  • Air fares also rose between July and August but the rise was smaller than between the same two months a year ago and so resulted in a partially offsetting, downward contribution.