UK labour market holds steady at historic highChristian Fernsby ▼ |
Britain Estimates show that 32.7 million people were in employment during Q1
The UK's historic levels of employment continued to hold steady in the first quarter, with a record number of people in work.
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%. ■
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