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The early provisional estimate of payrolled employees for April this year decreased by 85,000 (0.3 per cent) month on month (MoM), but increased by 129,000 (0.4 per cent) year on year (YoY) to 30.2 million.
The UK employment rate (for people aged 16 to 64) was estimated at 74.5 per cent in Q1 2024—below estimates of a year ago, and decreased in the latest quarter.
The country’s unemployment rate was estimated at 4.3 per cent in the quarter—above estimates of a year ago, and increased in the latest quarter.
The economic inactivity rate for people aged 16-64 was estimated at 22.1 per cent in the quarter—above estimates of a year ago, and increased in the latest quarter, an ONS release said.
Between February and April this year, the estimated number of vacancies in the country decreased by 26,000 quarter on quarter (QoQ) to 898,000. Vacancies decreased QoQ for the 22nd consecutive period, but are still above pre- COVID-19 pandemic levels.
Annual growth in employees' average regular earnings (excluding bonuses) in Great Britain was 6 per cent in the quarter, and annual growth in total earnings (including bonuses) was 5.7 per cent.
An estimated 22,000 working days were lost due to labour disputes across the country in March this year.
Fibre2Fashion News Desk (DS)
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
