UK employment rate 75% in Jun-Aug 2024, unemployment rate 4%

16 Oct '24

2 min read

UK employment rate 75% in Jun-Aug 2024, unemployment rate 4%

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Payrolled employees in the UK fell by an estimated 35,000, or 0.1 per cent, between July and August this year, but rose by 165,000, or 0.5 per cent, YoY in August, according to the Office of National Statistics.
The employment rate for people aged 16 to 64 in the country was an estimated 75 per cent in June-August 2024.
The unemployment rate was estimated at 4 per cent in that quarter.

Payrolled employees in the United Kingdom decreased by an estimated 35,000, or 0.1 per cent, between July and August this year, but rose by 165,000, or 0.5 per cent, year on year (YoY) in August, according to the Office of National Statistics (ONS).

When looking at June to August 2024, payrolled employees in the country rose by 3,000, or 0 per cent, quarter on quarter (QoQ) and by 203,000, or 0.7 per cent, YoY.

The provisional estimate of payrolled employees for September this year decreased by 15,000, or 0 per cent, month on month (MoM), but increased by 113,000, or 0.4 per cent, YoY to 30.3 million.

The employment rate for people aged 16 to 64 in the country was an estimated 75 per cent in June-August 2024, above estimates of a year ago and increased in the latest quarter.

The UK unemployment rate was estimated at 4 per cent in that quarter, below estimates of a year ago and decreased in the latest quarter.

The UK economic inactivity rate (for people aged 16 to 64 years) was estimated at 21.8 per cent in that quarter, below estimates of a year ago and decreased in the latest quarter, an ONS release said.

The estimated number of vacancies in the country decreased in July-September this year by 34,000 QoQ to 841,000. Vacancies decreased QoQ for the 27th consecutive period, but are still above pre-COVID-19 pandemic levels.

Fibre2Fashion News Desk (DS)

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