Good news on Employment continues.
Latest employment figures show that the British labour market remains strong, there are more people in work
than ever before, a record high rate of women in work and wages growing faster than inflation for the 15th month in a row.
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 falling to its lowest since 1974, 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.
- Wages: Average weekly earnings for employees increased by 3.4 per cent compared with a year earlier.
- Employment: 32.75 million (up 357,000 over the last year and up by 3.7 million since 2010).
- Employment rate: 76.1 per cent (up 0.5 points over the past year and up 5.9 points since 2010).
- Unemployment: 1.30 million (down 112,000 over the past year and down by 1.20 million since 2010).
- Unemployment rate: 3.8 per cent (down 0.4 points over the past year and down 4.1 points since 2010) – the lowest rate since 1974 and almost halving since 2010 (8.0 per cent).
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