People in work reaches record high

UK labour market: January 2019 – ONS

September to November 2018

  • There were an estimated 1.37 million unemployed people, little changed compared with June to August 2018 but 68,000 fewer than for a year earlier.
  • The unemployment rate was estimated at 4.0%, it has not been lower since December 1974 to February 1975.
  • There were an estimated 8.65 million people aged from 16 to 64 years who were economically inactive (not working and not seeking nor available to work), 100,000 fewer than for June to August 2018 and 86,000 fewer than for a year earlier.
  • The economic inactivity rate (the proportion of people aged from 16 to 64 years who were economically inactive) was estimated at 21.0%, lower than for a year earlier (21.2%) and the joint-lowest estimate since comparable estimates began in 1971.
  • There were an estimated 32.53 million people in work, 141,000 more than for June to August 2018 and 328,000 more than for a year earlier.
  • The employment rate (the proportion of people aged from 16 to 64 years who were in work) was estimated at 75.8%, higher than for a year earlier (75.3%) and the highest since comparable estimates began in 1971.

CPIH down in December

Consumer price inflation, UK: December 2018

  • The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.0% in December 2018, down from 2.2% in November 2018.
  • The Consumer Prices Index (CPI) 12-month rate was 2.1% in December 2018, down from 2.3% in November 2018.