Employment continues at record high

17 November 2016

The unemployment rate has dropped to an 11-year low of just 4.8%, down by more than 900,000 since 2010, according to figures released by the ONS.

The UK Labour Market statistics for November 2016 confirm that employment continues to run at a record high rate of 74.5%, with 31.8 million people in work – an increase of almost 2.8 million since 2010.

There are 461,000 more people in work compared to this time last year, and 49,000 more compared to the previous quarter’s figures.

The rise in employment continues to be driven by full-time work, which is up by 2 million since 2010. And long-term unemployment is the lowest it has been since 2008.

Average wages including bonuses grew by 2.3% over the last year, as the claimant count remained at 2.3%, close to its lowest rate since 1975