Welcome to the latest on the UK labour market covering the period March to May 2014.
Firstly looking at employment, 30.64 million people aged 16 and over were in work, this is a rise of 254,000 on the quarter and a rise of 929,000 on the year. 73.1% of people aged 16 to 64 were employed.
Turning to unemployment now, that is those not employed but seeking work, 2.12 million people aged 16 and over were out of work but seeking and available to work. This is a fall of 121,000 on the quarter and 383,000 on the year. The unemployment rate was 6.5%.
Next we will look at the Claimant Count for June, that is those seeking work and claiming benefits principally because they are not in work. 1.04 million people aged 18 and over were claiming Jobseeker’s Allowance. This is the lowest number since October 2008 and it is a fall of 36,000 on the month and 419,000 on the year.
Moving down to those not in the labour force, that is those not employed and not seeking or available for work, 8.78 million people aged between 16 and 64 were either not looking for work or not available to work. This is a fall of 67,000 on the quarter and a fall of 258,000 on the year. 21.7% of people aged 16 to 64 were not in the labour force.
Lastly we will look at average weekly earnings for May 2014. If bonuses are included, the annual weekly wage in April 2014 was £478. The annual growth in average weekly earnings between March to May 2013 and March to May 2014 was 0.3%. If bonuses are excluded, the average weekly wage was £449. The annual growth in average weekly earnings between March to May 2013 and March to May 2014 was 0.7%.
That was the latest on the UK labour market.