![]() ![]() The UK economic inactivity rate (21.9%) for those aged 16 to 64 years was largely unchanged in the latest quarter but is above estimates a year ago (October to December 2022). The UK unemployment rate (3.8%) for those aged 16 years and over decreased in the latest quarter, returning to the rate a year ago (October to December 2022). ![]() The UK employment rate (75.0%) for those aged 16 to 64 years remains below estimates a year ago (October to December 2022), but increased in the latest quarter. The UK employment level for those aged 16 years and over is up both on the year and on the quarter. The January 2024 estimate should be treated as a provisional estimate and is likely to be revised when more data are received next month.īecause of increased volatility of Labour Force Survey estimates resulting from smaller achieved sample sizes, estimates of quarterly change should be treated with additional caution and we recommend using them as part of our suite of labour market indicators alongside workforce jobs, claimant count data and Pay As You Earn Real Time Information estimates. The early estimate of payrolled employees for January 2024 increased by 48,000 (0.2%) on the month and increased by 413,000 (1.4%) on the year to 30.4 million. While the number of payrolled employees continues to increase, the rate of annual growth is decreasing. Payrolled employees in the UK rose by 31,000 (0.1%) between November and December 2023 and rose by 401,000 (1.3%) between December 2022 and December 2023. Over the last year, growth in employment has slowed and over the same period the proportion of people economically inactive has increased, with historically high numbers of people reporting that they are long-term sick. This release sees the reintroduction of Labour Force Survey data, which now include the latest population information. ![]()
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