Jobs Market Growth Flattening Says ONS Figures - Main points for May to July 2019
Tuesday 10 September, 2019 Written by Simon Collyer
RECRUITMENT SLOWING - UK jobs growth is cooling says ONS figures.
The UK employment rate was estimated at 76.1%; this is the joint-highest on record since comparable records began in 1971, and higher than a year earlier (75.5%).
The UK unemployment rate was estimated at 3.8%; this is lower than a year earlier (4.0%) and unchanged on the quarter.
The UK economic inactivity rate was estimated at 20.8%; this is lower than a year earlier (21.2%) and unchanged on the quarter.
Estimated annual growth in average weekly earnings for employees in Great Britain increased to 4.0% for total pay (including bonuses) and fell to 3.8% for regular pay (excluding bonuses).
In real terms (after adjusting for inflation), annual growth in total pay is estimated to be 2.1% and annual growth in regular pay is estimated to be 1.9%.
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