Unemployment drops by 52,000 in latest figures

Main points for June to August 2017

• Estimates from the Labour Force Survey show that, between March to May 2017 and June to August 2017, the number of people in work increased, the number of unemployed people fell, and the number of people aged from 16 to 64 not working and not seeking or available to work (economically inactive) also fell.

• There were 32.10 million people in work, 94,000 more than for March to May 2017 and 317,000 more than for a year earlier.

• The employment rate (the proportion of people aged from 16 to 64 who were in work) was 75.1%, up from 74.5% for a year earlier.

• There were 1.44 million unemployed people (people not in work but seeking and available to work), 52,000 fewer than for March to May 2017 and 215,000 fewer than for a year earlier.

• The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.3%, down from 5.0% for a year earlier and the joint lowest since 1975.

• There were 8.81 million people aged from 16 to 64 who were economically inactive (not working and not seeking or available to work), 17,000 fewer than for March to May 2017 and 13,000 fewer than for a year earlier.

• The inactivity rate (the proportion of people aged from 16 to 64 who were economically inactive) was 21.4%, down slightly from a year earlier.

• Latest estimates show that average weekly earnings for employees in Great Britain in nominal terms (that is, not adjusted for price inflation) increased by 2.2% including bonuses, and by 2.1% excluding bonuses, compared with a year earlier.

• Latest estimates show that average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) fell by 0.3% including bonuses, and fell by 0.4% excluding bonuses, compared with a year earlier.
  
  
  LABOUR MARKET STATISTICS - OCTOBER 2017