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UK Unemployment

Labour Market Statistics

April 16 2014 - The unemployment rate stands at 6.9% - down 0.3% on the quarter and 1.1% down over the year. 30.39 million people were in work in December 2013 to February 2014 according to the labour force survey (LFS). The number of people employed was 239,000 higher this quarter and 691,000 higher than last year.

The working age employment rate is 72.6% - up 0.5% on the last quarter and up 1.2% over the year.

ILO-defined unemployment in December 2013 to February 2014 was 2.24 million (6.9%) - down by 77,000 on the previous quarter and down 320,000 on the same quarter last year.

The claimant count for key out-of-work benefits was 1.14 million in March - down by 30,400 on the previous month and down 386,100 on the year.

Earnings growth over the year in terms of weekly pay to February 2014 (including bonuses) was 1.7%.

Minister for Employment Esther McVey said:

"More young people are in work, more women are in work, wages are going up, and more and more businesses are hiring - and it's a credit to them that Britain is working again.

"But there is still more to do - which is why I'd go even further and call on more employers to work with us to tap into the talent pool the UK offers."

Mark Beatson, CIPD Chief Economist commented:

"The latest statistics show that jobs growth in the labour market remains strong, with employment increasing by 239,000 in the three months December 2013-February 2014 and a fall of 77,000 in unemployment, which is now below 7% for the first time in exactly five years. The unemployment figures, in particular, have varied from month to month recently. These are three month average figures based on sample surveys and they will vary from month to month. The important point is that the trend is still for more jobs and less jobless."



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