Unemployment falling

UK labour market: July 2018 – ONS

  • There were 1.41 million unemployed people (people not in work but seeking and available to work), 12,000 fewer than for December 2017 to February 2018 and 84,000 fewer than for a year earlier.
  • The unemployment rate (the number of unemployed people as a proportion of all employed and unemployed people) was 4.2%, down from 4.5% for a year earlier and the joint lowest since 1975.
  • There were 32.40 million people in work, 137,000 more than for December 2017 to February 2018 and 388,000 more than for a year earlier.
  • The employment rate (the proportion of people aged from 16 to 64 years who were in work) was 75.7%, higher than for a year earlier (74.9%) and the highest since comparable records began in 1971.
  • There were 8.64 million people aged from 16 to 64 years who were economically inactive (not working and not seeking or available to work), 86,000 fewer than for December 2017 to February 2018 and 184,000 fewer than for a year earlier.
  • The inactivity rate (the proportion of people aged from 16 to 64 years who were economically inactive) was 21.0%, lower than for a year earlier (21.5%) and the joint lowest since comparable records began in 1971.
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