In the three months to October UK unemployment has fallen to its lowest level in 44-years as the unemployed women hit record low.
Over the period wage growth stalled and job vacancies shrunk, whilst the those claiming unemployment benefit decreased from 13,000 to 1.28m, according to the Office for National Statistics.
76.2% of people aged 16 to 64 were in paid work in August to October 2019.
This is a record high at 0.4 percentage points greater than a year earlier, but only a slight increase from the previous quarter (76.1%) https://t.co/UnNiQhutP4 pic.twitter.com/eGVekqbbMd
— Office for National Statistics (ONS) (@ONS) December 17, 2019
The rate of unemployment remained flat at 3.8% despite analyst expecting a forecast an increase of 3.9% of unemployment, which was driven by a decrease in the unemployment rate for women which fell to a record low of 3.5%.
The proportion of women aged 16 to 64 who were neither working or looking for work (the economic inactivity rate) was 25.3% for August to October 2019 https://t.co/95yE8fTQ3X pic.twitter.com/a3fldvBmPF
— Office for National Statistics (ONS) (@ONS) December 17, 2019
Those in work increased by 24,000 to 32.8m in the period, despite this increase more were deemed economically inactive, as the level rose by 19,000 to 8.61m.
David Freeman, head of labour market and households at the ONS said, “While the estimate of the employment rate nudged up in the most recent quarter, the longer-term picture has seen it broadly flat over the last few quarters.
“Pay is still increasing in real terms, but its growth rate has slowed in the last few months.”
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