Employment and labour market Labour market economic commentary: July 2017 The unemployment rate fell to 4.5% in the 3 months to May 2017 - the lowest since 1975. Employment growth in the 3 months to May 2017 was the strongest since the 3 months to December 2015; and the employment rate reached a new record high of 74.9%. The number of vacancies remained close to a record high in the 3 months to June 2017. UK labour market statistics: July 2017 Estimates from the Labour Force Survey show that, between December 2016 to February 2017 and March to May 2017, the number of people in work increased, the number of unemployed people fell, and the number of people aged from 16 to 64 not working and not seeking or available to work (economically inactive) also fell. There were 32.01 million people in work, 175,000 more than for December 2016 to February 2017 and 324,000 more than for a year earlier. The employment rate (the proportion of people aged from 16 to 64 who were in work) was 74.9%, the highest since comparable records began in 1971. Regional labour market statistics in the UK: July 2017 For the 3 months ending May 2017, the highest employment rate in the UK was in the South West (79.2%) and the lowest was in Northern Ireland (68.7%). For the 3 months ending May 2017, the highest unemployment rate in the UK was in the North East (6.0%) and the lowest was in the South East (3.4%). For the 3 months ending May 2017, the highest economic inactivity rate in the UK was in Northern Ireland (27.4%) and the lowest was in the South West (17.8%). |
No comments:
Post a Comment