UK Employment at record high

Figures released this week by the Office for National Statistics (ONS).  show that The employment rate edged higher to 74.6%, which was a record high
 
"Continued moderate growth in employment has led to a new high in the total employment rate, while the rate for women has reached 70% for the first time on record," said ONS senior statistician David Freeman.

The estimated number of people out of work dropped very slightly and ONS said the jobless rate held steady at an 11-year low of 4.8%.



Ben Brettell, senior economist at Hargreaves Lansdown, said that the UK jobs market had remained resilient, despite warnings it would be hit by the Brexit vote.

"The UK labour market continues to confound the doom-mongers with its resilience to the Brexit shock," he added.

ONS figures also showed that real wages continue to rise, with average wages up at an annualised rate of 2.6% in the three months to December 2016 which is higher than either the 1.6% increase in prices over the year to that month or the the most recent figure for inflation, the 1.8% in the year to January.

Separately, an ONS "flash" estimate indicated that UK productivity grew for a fourth successive quarter in the fourth quarter of 2016: it reported that output per hour worked rose 0.3% quarter-on-quarter.

Comments

Post a Comment

Popular posts from this blog

Nick Herbert on his visit to flood hit areas of Cumbria

Please note that the post below was published more than ten year ago on 21st November 2009 Nick Herbert MP, shadow cabinet member for the Environment, Food, and Rural Affairs, was in Cumbria this morning to see the areas affected by the flooding. He writes on Conservative Home about his visit. Here is an extract. I’ve been in Cumbria today to see the areas affected by the floods. I arrived early in Keswick where I met officials from the Environment Agency. Although the river levels had fallen considerably and homes were no longer flooded, the damage to homes had been done. And the water which had got into houses wasn’t just from the river – it was foul water which had risen from the drains. I talked to fire crews who were pumping flood water back into the river, and discovered that they were from Tyne & Wear and Lancashire. They had been called in at an hours’ notice and had been working on the scene ever since, staying at a local hotel. You cannot fail to be impressed by the...
Read more

Quotes of the day 19th August 2020

Image
"Wise men profit more from fools than fools from wise men; for the wise men shun the mistakes of fools, but fools do not imitate the successes of the wise."  ( Cato the Elder , who lived 234 BC - 149 BC, quoted in "Lives" by Plutarch.) There is a similar saying by Germany's Iron Chancellor, Otto von Bismarck: Benjamin Franklin is supposed to have put the same saying in a more humorous form: "Wise men profit by the mistakes of others, while fools will not learn even from their own blunders." See also this thread on the "Quote Investigator" website . Let us all be wise and learn from the events of the last few days.
Read more

Quote of the day 24th July 2020

I was moved to put the passage below forward as a quote today when I saw a horrible post on twitter from someone writing that it was "excellent" that someone who took a different view from her about Brexit had died. I won't write which way round it was so that all the Remain supporters can assume the post was from a Brexit fanatic welcoming the death of a remainer and all the Leavers can assume it was a Remainiac welcoming one less Brexiteer. There's been plenty of nasty stuff on both sides but if you catch anyone of your own viewpoint  posting something like that who might listen to you, please do call them out on it - and point out that they're giving everyone on your side of the argument a bad name. Anyway, here's the quote from John Donne.
Read more