Labour market overview, UK: August 2019

//Labour market overview, UK: August 2019

The UK employment rate was estimated at 76.1%, the joint-highest on record since comparable records began in 1971. The UK unemployment rate was estimated at 3.9%; lower than a year earlier (4.0%); on the quarter the rate was 0.1 percentage points higher. The UK economic inactivity rate was estimated at 20.7%, a joint-record low. Estimated annual growth in average weekly earnings for employees in Great Britain increased to 3.7% for total pay (including bonuses) and 3.9% for regular pay (excluding bonuses). In real terms (after adjusting for inflation), total pay is estimated to have increased by 1.8% compared with a … (full story)

2019-08-13T13:12:07+00:00