Labour Market Statistics
February 18 2020 - The unemployment rate stands at 3.8%, 0.2% less than a year ago and 0.1% less than the previous quarter.
32.93 million people were in work in the
October to December 2019 quarter according to the labour force survey (LFS).
This was 336,000 higher than the same quarter last year and up by 180,000 over the last quarter.
The working age employment rate was 76.5% compared with 76.1% in the previous quarter and 75.9% a year ago.
ILO-defined unemployment in the October to December 2019 quarter was estimated at 1.29 million (3.8%) -
down by 73,000 on last year. Male unemployment over the year was down by 0.2% to 3.9% and 0.1% down on
the last quarter. Estimated female unemployment stood at 3.6%, unchanged on the last quarter but down by 0.3% over the
same period last year.
Average wages, including bonuses rose by 2.9% and 3.2% excluding bonuses over the year. Taking inflation into account,
these increases were equivalent to 1.4% and 1.8% in real value.
Minister for Employment, Mims Davies commented:
"As we embark on a new chapter as an independent nation outside the EU, we do so with a record-breaking jobs market
and business confidence on the rise.
"With wages still outpacing inflation, UK workers can expect their money to go further as we look ahead to a decade of renewal.