The number of people in work in the UK has reached a record high of 32.54 million, latest figures from the Office for National Statistics show.
Unemployment was flat, with a small increase of 8,000 between September and November for a total of 1.37 million. Average earnings excluding bonuses increased by 3.3 per cent in the year to November, as wage rises continued to outpace inflation. The number of job vacancies rose by 10,000 to a record high of 853,000.
The unemployment total is 68,000 lower than a year ago, with the jobless rate 0.2 per cent down on this time in 2018. The number of job vacancies rose by 10,000 to a record high of 853,000. The increase in both unemployment and employment is explained by the UK’s rising population and fewer people being classed as economically inactive, which includes those on long-term sick leave, students, and people who have given up looking for a job.
The number of economically inactive people fell by 100,000 to 8.6 million, a rate of 21 per cent, which is the lowest on record.
Employment Minister, Alok Sharma, said
Our pro-business policies have helped boost private sector employment by 3.8 million since 2010, and as the Resolution Foundation’s latest report shows, the ‘jobs-boom has helped some of the most disadvantaged groups find employment’, providing opportunities across society.”