UK employment at highest since 1971

Figures from the Office of National Statistics has delivered excellent news for the economy. The number of employed people in the UK has risen again, to a new record number of 32.7 million people between November and January.

The 76.1% employment rate is the highest since records began in 1971.

Unemployment fell by 35,000 to 1.34 million in the period, putting the rate below 4% for the first time since 1975. The figure is 112,000 lower than a year ago, giving a jobless rate of 3.9%, well below the EU average of 6.5%.

ONS senior statistician Matt Hughes said: “The employment rate has reached a new record high, while the proportion of people who are neither working nor looking for a job – the so-called ‘economic inactivity rate’- is at a new record low.”

The number of men in employment increased by 77,000 to reach a record high of 17.32 million in the three-month period.

The number of women in employment increased by 144,000 to reach a record high of 15.40 million over the same period. This was the largest increase in the number of employed women since the period February-to-April 2014.

Meanwhile, the number of economically inactive people fell by 117,000 to 8.55 million, a rate of 20.7%, the lowest on record. And the number of job vacancies in the economy increased by 4,000 to 854,000.

Employment Minister Alok Sharma said: “Today’s employment figures are further evidence of the strong economy the chancellor detailed in last week’s Spring Statement, showing how our pro-business policies are delivering record employment.

“Our jobs market remains resilient as we see more people than ever before benefiting from earning a wage. By backing the government’s Brexit deal and giving certainty to business, MPs have the chance to safeguard this jobs track record.”