Unemployment rate stays at lowest level since 1975

Unemployment rate stays at record 4.0%
The unemployment rate of 4.0% has not been lower since December 1974 to February 1975
  • 32.4 million people working
  • Unemployment rate 4%
  • Earnings increase by 2.9%

UK unemployment rate has stayed at its record low of 4.0%, according to the latest ONS figures. The rate has not been lower since December 1974 to February 1975.

The number of unemployed people for May to July 2018 was estimated at 1,361,000.

Employment rate at 75.5%

The employment rate of people aged from 16 to 64 years was 75.5%, slightly lower than for February to April 2018 (75.6%) but higher than for a year earlier (75.3%).

The lowest recorded employment rate was 65.6% in 1983, during the economic downturn of the early 1980s. The employment rate has been generally increasing since early 2012.

32.4 million in work

There were 32.40 million people in work, slightly up compared with February to April 2018 but 261,000 more than a year earlier.

Weekly earnings increase by 2.9%

The latest estimates show average weekly earnings for employees in Great Britain (not adjusted for price inflation) increased by 2.9% excluding bonuses, and by 2.6% including bonuses, compared with a year earlier.