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UK Unemployment

Labour Market Statistics

November 15 2017 - The unemployment rate stands at 4.3% - 0.5% down over the year. This is the joint-lowest rate since 1975. 32.06 million people were in work in July to September 2017 according to the labour force survey (LFS). This was 14,000 less than the previous quarter but 279,000 higher than last year.

The working age employment rate is 75.0% compared with 74.4% a year ago.

ILO-defined unemployment in July to September 2017 was 1.42 million (4.3%) - down by 59,000 on the previous quarter and down 182,000 on the same quarter last year.

The claimant count for key out-of-work benefits was 806,100 in October 2017.

Average wages, including bonuses, rose by 2.2% over the year.

Minister for Employment, Damian Hinds commented:

"The strength of the economy is driving an increase in full-time, permanent jobs and a near-record number of people are now in work thanks to the Government's welfare reforms.

"When unemployment fell to 5% early last year, many people thought it couldn't get much lower, and yet it now stands at 4.3%.

"Everyone should be given the opportunity to find work and enjoy the stability of a regular pay packet. We've cut income tax for 30 million people since 2010, meaning people keep more of their money each month."

TUC general secretary Frances O'Grady said:

"This is the seventh month in a row that prices have risen faster than wages, but ministers are still standing on the sidelines.

"Running the economy is not a spectator sport - the Chancellor must have a game plan to give Britain a pay rise in next week's Budget.

"Public sector workers are long overdue a decent pay rise. And we urgently need investment in high-skilled jobs to boost productivity.

"With in-work poverty soaring, the minimum wage must be put up to £10 as soon as possible."




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