UK labour market holds steady at historic highChristian Fernsby ▼ | May 14, 2019
The UK's historic levels of employment continued to hold steady in the first quarter, with a record number of people in work.
Britain Estimates show that 32.7 million people were in employment during Q1
Estimates show that 32.7 million people were in employment during the first quarter of 2019, 354,000 more than a year earlier.
The unemployment rate fell to 3.8% from 3.9%, the lowest since the end of 1974.
The ONS also found wages were continuing to grow, albeit at a marginally slower pace.
Excluding bonuses, average weekly earnings were estimated to have increased 3.3%, or by 1.3% after adjusting for inflation, compared to a year earlier. That was a marginal fall on the previous month's reading of 3.4%. Including bonuses, wages grew by 3.2%, down from 3.5%. ■