Skip to content

Number of people in employment in the UK increases by 254,000

by kyna-admin on July 22nd, 2014

Kyna Associates were pleased to read that when comparing March to May 2014 with December 2013 to February 2014, the number of people in employment in the UK increased by 254,000 (to reach 30.64 million), the number of unemployed people fell by 121,000 (to reach 2.12 million) and the number of people not in the labour force (economically inactive) aged from 16 to 64 fell by 67,000 (to reach 8.78 million). * Source The Office for National Statistics

This is excellent news for the UK and demonstrates the UK employment growing strength

Key Points from The ONS research for March to May 2014

  • Comparing the estimates for March to May 2014 with those for December 2013 to February 2014, employment continued to rise and unemployment continued to fall. These changes continue the general direction of movement over the past two years.
  • There were 30.64 million people in work, 254,000 more than for December 2013 to February 2014 and 929,000 more than a year earlier.
  • The proportion of people aged from 16 to 64 in work (the employment rate) continued to rise, reaching 73.1% for March to May 2014. The employment rate last reached 73.1% in December 2004 to February 2005 and, since records began in 1971, it has never been higher.
  • There were 2.12 million unemployed people, 121,000 fewer than for December 2013 to February 2014 and 383,000 fewer than a year earlier.
  • The unemployment rate continued to fall, reaching 6.5% for March to May 2014, the lowest since October to December 2008. The unemployment rate is the proportion of the economically active population (those in work plus those seeking and available to work) who were unemployed.
  • There were 8.78 million economically inactive people (those out of work but not seeking or available to work) aged from 16 to 64. This was 67,000 fewer than for December 2013 to February 2014 and 258,000 fewer than a year earlier.
  • The proportion of people aged from 16 to 64 who were out of work but not seeking or available to work (known as the economic inactivity rate) continued to fall, reaching 21.7% for March to May 2014. The economic inactivity rate last reached 21.7% in July to September 1990 and, since records began in 1971, it has never been lower.
  • Pay including bonuses for employees in Great Britain for March to May 2014 was 0.3% higher than a year earlier, with pay excluding bonuses 0.7% higher.

From → News

Comments are closed.