Employment rate is continuing to rise, according to ONS figures
The number of employed people in the UK is continuing to rise, up by 39,000 in the latest quarter of 2017, according to the latest figures from the Office for National Statistics (ONS).
The figures showed that the UK’s employment rate has now reached a record high, with 31.8 million people now in work.
According to the figures, which were released on 12th April, the employment rate in the UK has reached 74.6 per cent, the highest ever on record since 1971.
Whilst the unemployment rate in the UK remained at 4.7 per cent, the number of people out of work was found to have declined, dropping by 45,000 to 1.56 million in the three months leading up to February. The number of people out of work has now reached its lowest level since 1975.
The figures have been welcomed by job sites Indeed and CV-Library, with Indeed EMEA Economist, Mariano Mamertino stating: “With the number of people in work up and unemployment level down, rhapsodies of praise about the UK jobs market certainly won’t be in short supply.”
CV-Library Founder and Managing Director, Lee Biggins, said that the figures provide further confirmation of what a strong position the UK job market is in at the moment.
He added that there are more people in work, and the employment rate is at the highest that it has ever been, and this shows that business confidence is at an all-time high.
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