The ONS (Office for National Statistics) have released the latest figures surrounding employment in the UK.
Read on to learn more:
- No change in the unemployment rate at 3.7% or 1.24 million people 21.7% of those have been unemployed for more than 12 months which is a slight decrease on the previous quarter
- Employment rate remained largely the same at 75.6%
- 8.94 million people are economically inactive, 55,000 fewer than the last quarter
- Vacancies fell again to 1.16 million, the sixth consecutive quarterly fall
- The number of unemployed people per vacancy remained similar at 1.0
- Record level of payrolled employees at 29.9 million, a rise of 888,000 compared to pre-pandemic levels
- Growth in both total pay and regular pay was 6.4% and both fell in real terms by 2.6%. Regular pay is still showing the strongest growth since before the pandemic and is slightly smaller than the previous quarter
- 5.8 million people were claiming Universal Credit, of which 1.4 million were searching for work
Redundancies rose again to 3.4 per thousand employees but still remains low.