Employment rate in United Kingdom hits record high
Today’s official figures show that over the last year more than half-a-million more people are now in work, bringing employment to a new record high of 31.4 million. This growth has been driven by a rise in full-time jobs.
Wages have continued to grow strongly, 2% over the last year, and the number of vacancies has reached more than 750,000, showing the wealth of opportunities that are being created in the economy.
Unemployment now stands at 5.1% – the lowest since early 2006 – and long-term unemployment has fallen by 25% over the year to 488,000, the lowest in 6 years.
The number of women in work is up over a million since 2010 to new record high of 14.66 million.
The proportion of young people who have left full-time education and are out of work has fallen to a record low of 14.1%.
The employment rate for young people who have left full-time education continues to rise – up to 74.6%, which remains the highest in over a decade. ■