Four million more people in work than in 2010

The latest jobs figures show there are over 4.1 million more people in work since 2010, showing our plan is working as we drive down inflation and grow the economy.

  • We have better than halved inflation from 11.1 to 4 per cent and real wages are rising. Official jobs figures released today show there are now over 33 million people in employment, an increase of over 4.1 million since 2010.
  • We are sticking to our plan to grow the economy and deliver the jobs hardworking families need and it is working. Labour have no plan to grow the economy and would just take us back to square one.

Key statistics:

  • Employment: There are almost 33.2 million people in work in the UK (up 107,000 over the last year and up by over 4.1 million since 2010).
  • Employment rate: Near record highs, at 75 per cent (up by 4.8 points since 2010).
  • Unemployment: There are 1.3 million people in unemployment (down by almost 1.2 million since 2010).
  • Unemployment rate: The unemployment rate is 3.9 per cent (down by 4.2 points since 2010) which is close to the record low figure.
  • Wages: Regular pay, excluding bonuses, is continuing to show strong growth and outpace inflation (up 5.8 per cent in October to December 2023).
  • Inactivity: Economic inactivity remained largely unchanged this quarter at 21.9 per cent but vacancies in our economy are down by 26,000 on the quarter to 932,000, which is the 19th consecutive fall.
  • Youth unemployment: There are 481,000 unemployed young people (down 457,000 since 2010).
  • There are a record number of people in payrolled employment (over 1.4 million more people in payrolled employment since the beginning of the pandemic).
  • Annual growth in total earnings (including bonuses) in Great Britain was 5.8 per cent in October to December 2023, and annual growth in employees' average regular earnings (excluding bonuses) was 6.2 per cent.


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