Learning and Work publish August labour market briefing.

Learning and Work have released their latest labour Market report for August 2017, building on the Office for National Statistics release.

The labour market figures published on 16 August show another strong increase in employment, with unemployment and economic inactivity amongst people of working age both falling.

However, while the job prospects for individuals are encouraging, people in work are getting poorer with real wages again falling.

  • Unemployment is 1,484,000, down by 11,000 from last month?s published figure (quarterly headline fell by 57,000) and the unemployment rate is 4.4%, down 0.1 percentage points on last month and down 0.2 percentage points on last quarter.
  • The number of claimant unemployed is 807,800, down 4,200 on last month, and the claimant rate is 2.3%.
  • number of workless young people (not in employment, full-time education or training) is 958,000, down 7,000 on the quarter, representing 13.5% of the youth population (no quarterly change.
  • Youth unemployment (including students) is 545,000, down 17,000 on the quarter.
  • There are 1.9 unemployed people per vacancy. Learning and Work Institute estimates this figure may rise slightly next month.
  • The employment rate is 75.1% (up 0.2 percentage points on last month?s published figure and up 0.3 percentage points in the preferred quarterly measure).