Labour Market Statistics
April 17 2018 - The unemployment rate stands at 4.2% - 0.5% down over the year. This is the lowest rate since 1975.
32.26 million people were in work in December 2017 to February 2018 according to the labour force survey (LFS).
This was 55,000 more than the previous quarter and 427,000 higher than the same quarter last year.
The working age employment rate is 75.4% compared with 74.6% a year ago.This is the highest since records began in 1971.
ILO-defined unemployment in December 2017 to February 2018 was 1.42 million (4.2%) -
down by 16,000 on the previous quarter and down 136,000 on the same quarter last year.
Average wages, including bonuses, rose by 2.8% over the year.
According to Secretary of State for Work and Pensions, Esther McVey:
"Another milestone for employment has been reached under this government as employment reaches a record high, up 3.2 million since 2010 - the 16th time the employment
record has been broken in the same period.
"That means on average, over 1,000 people have moved into work every day since 2010, and credit has to be given to the businesses who have created those jobs and the
individuals who are taking those opportunities.
"Day by day we are helping people turn their lives round by getting into employment. Jobs are key to transforming lives and work is the best route out of poverty.
"And this month we have again increased the personal allowance and taken more people out of paying tax all together making sure people can keep more of what they earn."
TUC General Secretary Frances O'Grady commented:
"Unions have won pay rises for workers across the UK, from the counters at McDonald's to the factory floor at Ford.
"But wage growth is still weak. Workers are £14 a week worse off than they were in 2007 - with pay packets not expected to return to their pre-crisis level until 2025.
"This is why tens of thousands of people will march through London on Saturday 12 May as part of the TUC's 'A New Deal for Working People' demonstration.
"The government must get the economy working again for working people. Ministers need to increase the minimum wage to £10 an hour, fund a proper pay rise for
all public servants, and give workers stronger rights to negotiate fair pay deals."