Employment reaches a record high
The number of people in work is at a record high with nearly 175,000 more people in work up to July 2016, compared to the previous 3 months.
The Office for National Statistics confirmed today that there are 31.77 million people now in work – up by more than 550,000 in the past year and by 2.7 million since 2010.
The employment rate in the UK continues to run at a record high of 74.5%, and the unemployment rate holds firm at 4.9% – its lowest in more than 10 years.
The rise in employment continues to be driven by full-time work, which has accounted for 75% of the growth since 2010. Average wages including bonuses grew by 2.3% over the last year.
Work and Pensions Secretary of State, Damian Green, said: “It’s great to see another record-breaking set of figures out this month with the unemployment rate at a 10-year low and wages growing healthily.
“We know that there are fewer children living in workless households too, which underlines our efforts to help people move into employment and to build a Britain that works for everyone, not just the privileged few.
“But there’s more to do, and we will continue to work with businesses to help more people take up the wealth of opportunities out there in the economy.”