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UK unemployment remains at 40-year low

Staff Writer |
Official figures show that unemployment in the UK has remained at 4.3%, the lowest rate since 1975.

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The figures, released by the Office for National Statistics, also show that employment remains at a near record high, with 32 million people in work.

Increases in full-time and permanent work are behind the figures. In the last year the number of people on zero hours contracts has fallen by 20,000.

The number of people in employment has increased by more than 3 million since 2010.

The UK has the third highest employment rate in the G7. The number of workers aged 50+ has almost reached 10 million – a record level.

Youth unemployment has fallen by over 40% since 2010. There are a near record 780,000 vacancies in the economy at any one time.

The proportion of young people who are unemployed and not in full time education remains below 5%.