Wednesday, June 13, 2018

Quote of the day 13th June 2018

"It's a really strong set of employment figures. It looks like that's set to continue."

(Andrew Wishart, an economist at Capital Economics, on the UK Employment figures issued by ONS on 12th June 2018, which showed


  • From the Labour Force Survey, between November 2017 to January 2018 and February to April 2018, the number of people in work rose, the number of unemployed people fell and the number of economically inactive people aged from 16 to 64 years also dropped.
  • There were 32.39 million people in work, 146,000 more than for November 2017 to January 2018 and 440,000 more than a year earlier.
  • The employment rate (the proportion of people aged from 16 to 64 years who were in work) was 75.6%, higher than for a year earlier (74.8%) and the joint highest since comparable records began in 1971.
  • There were 1.42 million unemployed people, (not in work but seeking and available to work), 38,000 fewer than for November 2017 to January 2018 which is down 115,000 on the position a year earlier.
  • The unemployment rate (the proportion of people in work plus unemployed people, who were unemployed) was 4.2%, down from 4.6% from a year earlier and the joint lowest since 1975.

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