Labour market update - May 2017 Learning and Work briefing

Learning & Work have published their May Labour Market Statistics briefing.

The latest labour market figures published on 17 May appear to point to a robust labour market. However, the unexpected rise in claimant unemployment could point to trouble ahead.

  • Unemployment is 1,541,000, is down by 18,000 from last month’s published figure (quarterly headline reduced by 53,000) and the unemployment rate is 4.6%, down 0.1 percentage points on last month and down 0.2 percentage points on last quarter.
  • The number of claimant unemployed is 792,800, up 19,400 on last month, and the claimant rate is 2.3%.
  • The number of workless young people (not in employment, full-time education or training) is 965,000, down 39,000 on the quarter, representing 13.5% of the youth population (down 0.5 percentage points).
  • Youth unemployment (including students) is 562,000, down 5,000 on the quarter.
  • There are 2.0 unemployed people per vacancy. Learning and Work Institute estimates this figure may rise next month.
  • The employment rate is 74.8% (up 0.2 percentage points on last month’s published figure and up 0.2 percentage points in the preferred quarterly measure).