Employment at a record high

New figures show that the number of people in work is at a record high while wages have risen at their fastest pace in a decade – continuing to rise ahead of prices.

This means pay packets can go further, and more people have the security of a regular wage and can provide for their families.

We are helping people into work by reforming welfare so work always pays, while backing businesses to create more, better paying jobs across the whole country through our careful economic management and modern Industrial Strategy.

With the unemployment rate at a record low of 3.9 per cent, more people have the economic independence that a job brings and can reach their full potential. Behind every employment number is a person whose self-esteem, mental wellbeing, economic circumstances and life chances are all vastly improved by being in the workplace.

Key statistics: 
  • Wages: Average weekly earnings for employees increased by 3.4 per cent compared with a year earlier, while prices rose 1.9% in the year to February. This means that real incomes are finally moving up again. 
  • Employment: A record high of 32.72 million (up 457,000 over the last year and up by 3.67 million since 2010). Employment rate: 76.1 per cent (up 0.8 points over the past year and up 5.9 points since 2010). 
  • Unemployment: 1.34 million (down 76,000 over the past year and down by 1.17 million since 2010).
  • Unemployment rate: 3.9 per cent (down 0.3 points over the past year and down 4.0 points since 2010) – the lowest rate since 1975 and halving since 2010 (8.0 per cent). 
  • Youth unemployment: There are over 446,000 fewer young people out of work since 2010 – almost halving since 2010. 
  • Disabled people: There are almost 1 million more disabled people (930,000) in work since 2013, as we are breaking down the barriers to employment facing disabled people. 
  • Job opportunities for women: The number of women in work is at a record high of 15.41 million. There are over 1.76 million more women in work since 2010.

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