Employment rate at new record high
20 July 2018
Official figures released by the Office for National Statistics, report that the overall employment rate is at 75.7%, a new record high.
Meanwhile, the unemployment rate remains at its lowest since 1975. And, since 2010, the majority of employment growth has been in both full-time and permanent roles.
The women’s employment rate has remained at a joint record high of 71.3%. On top of this, the majority of female employment growth since 2010 has been in higher skilled occupations (74.1%) and the full-time gender pay gap has fallen to a record low of 9.1%.
Secretary of State for Work and Pensions, Esther McVey, said:
“The employment rate is now at a record high of 75.7%. With over 3.3 million more people in work since 2010, this government has seen on average 1,000 more people in work each and every day.
Making sure our jobs market works for everyone is at the heart of this department’s work and the modern industrial strategy, and with over 800,000 job vacancies we have a buoyant jobs market with plenty of opportunities available.
The 8-year trend shows the vast majority of roles are in full-time, permanent work that’s higher skilled – which means higher paid too.”
The figures also show:
The number of workers aged 50 and over remains at a record high of 10.18 million
The UK has the third highest employment rate in the G7
Youth unemployment has fallen by nearly 45% since 2010
The retail trade, repair of motor vehicles and motorcycles, accommodation and food services and professional scientific and technical activities are the sectors offering the most job opportunities right now