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Labour market statistics

26 06.17

The labour market figures published on 14 June point to a strong and stable labour market, and jobs for the many and not the few with the employment rate at a historic high and the unemployment rate at a 40-year low. The downside is a continuation of the decline in real wages and so the living standards of hard working families.

  1. Unemploymentis 1,530,000, is down by 11,000 from last month’s published figure (quarterly headline reduced by 50,000) and the unemployment rate is 4.6%, no change on last month and down 0.1 percentage points on last quarter.
  2. The number ofclaimant unemployedis 802,600, up 26,600 on last year, and the claimant rate is 2.3%.
  3. Thenumber of workless young people (not in employment, full-time education or training)is 953,000, down 50,000 on the quarter, representing 13.4% of the youth population (down 0.7 percentage points).
  4. Youth unemployment (including students)is 564,000, up 10,000 on the quarter.
  5. There are 2.0unemployed people per vacancy.
  6. Theemployment rateis 74.8% (no change on last month’s published figure.