UK unemployment falls to brand-new 42-year low

Workers installing rail trackImage copyright

Image caption

Jobs were created inside construction along with transport sectors

Unemployment inside UK fell by 57,000 inside three months to June, official figures show, bringing the jobless rate down to 4.4% – its lowest since 1975.

The squeeze on real incomes continues to grow, though at a slower pace.

Average weekly earnings increased by 2.1% compared using a year earlier – slightly higher than last month’s 2% increase.

yet with inflation continuing to run at 2.6%, real earnings still fell by 0.5%, the ONS figures showed.

At 75.1%, the proportion of people in work can be the highest the idea has been since 1971, in part due to the introduction of a later state pension age for women.

“The employment picture remains strong, using a brand-new record high employment rate along with another fall inside unemployment rate. Despite the strong jobs picture, however, real earnings continue to decline,” said Office for National Statistics senior labour market statistician Matt Hughes.

“The number of workers born elsewhere inside EU continues to raise, yet the annual rate of change has slowed markedly,” he added.

Jobs were created inside construction, accommodation along with food services sectors along with transport along with storage industries.

The number of those employed on zero hours contracts as their main job fell 20,000 compared to a year earlier to 883,000 people.

Source link

Leave a Reply