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UK – Employment rate for people aged from 16 to 64 near record high but regular pay annual growth rate lowest on record

Key Points for April to June 2014

  • Comparing the estimates for April to June 2014 with those for January to March 2014, employment continued to rise and unemployment continued to fall. These changes continue the general direction of movement over the past two years.
  • There were 30.60 million people in work, 167,000 more than for January to March 2014 and 820,000 more than a year earlier.
  • The proportion of people aged from 16 to 64 in work (the employment rate), was 73.0%. This was higher than for January to March 2014 and for a year earlier.
  • There were 2.08 million unemployed people, 132,000 fewer than for January to March 2014 and 437,000 fewer than a year earlier.
  • The unemployment rate continued to fall, reaching 6.4% for April to June 2014, the lowest since late 2008. The unemployment rate is the proportion of the economically active population (those in work plus those seeking and available to work) who were unemployed.
  • Pay including bonuses for employees in Great Britain was 0.2% lower than a year earlier. This was mainly due to an unusually high growth rate for April 2013 as some employers who usually paid bonuses in March paid them in April last year. Pay excluding bonuses for employees in Great Britain was 0.6% higher than a year earlier. For April to June 2014, regular pay for employees in Great Britain was 0.6% higher than a year earlier. This was the lowest annual growth rate since records began in 2001 and reflects low pay growth across a wide range of industrial sectors.

Chart 1.1 shows the employment rate for people aged from 16 to 64 since comparable records began in 1971. The chart shows that the lowest employment rate was 65.6% in 1983, during the economic downturn of the early 1980s. The highest rates, of 73.1%, were recorded in 1974, in late 2004/early 2005 and for March to May 2014.

Capture d’écran 2014-08-13 à 13.31.26

via UK Labour Market, August 2014 – ONS.

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