Labour Market Statistics
September 11 2018 - The unemployment rate stands at 4.0% - 0.3% down over the year. This is the lowest rate since 1975.
32.40 million people were in work in May 2018 to July 2018 quarter according to the labour force survey (LFS).
This was 3,000 more than the previous quarter and 261,000 higher than the same quarter last year.
The working age employment rate is 75.5% compared with 75.3% a year ago.
ILO-defined unemployment in May 2018 to July 2018 quarter was 1.36 million (4.0%) -
down by 55,000 on the previous quarter and down 95,000 on the same quarter last year.
Average wages, including bonuses, rose by 2.6% over the year.
According to Secretary of State for Work and Pensions, Esther McVey:
"Since 2010 we have delivered significant growth in jobs, and in the last 6 months we've seen real terms wage growth.
"We haven't had a lower unemployment rate for over 40 years and I'm especially proud that youth unemployment is at a record low, falling by over 45%
since 2010 - opening up career opportunities for our next generation.
"In the EU we see unemployment rates over double those of the UK. This government is transforming this country into a great working nation. Ready and
prepared for the future challenges after Brexit.
TUC General Secretary Frances O'Grady commented:
"Workers have suffered the longest pay squeeze in 200 years. Families can't make ends meet without being forced into the red. And the May government has
done nothing to get wages rising or to tackle the epidemic of insecure work.
"That's why this week Congress is calling for a new deal for workers. The Prime Minister must crack down on insecure work, ending unfair pay for agency workers and banning
zero-hours contracts. And raise the minimum wage to £10 as quickly as possible.
"Unions are fighting hard to get workers better pay, but the government should also give unions the right to go into every workplace and negotiate with employers for fair pay rises."