The latest official figures have shown unemployment falling to its lowest level in 43 years. Estimates within the latest ONS Labour Force Survey for August 2018 show that, between January to March 2018 and April to June 2018, the number of people in work in the UK increased and the number of unemployed people fell. However, the number of people aged 16 to 64 years old who are not working and not seeking or available to work, and are therefore economically inactive, increased. According to the official figures, there were 32.39 million people in work, which is 42,000 more than in January to March 2018. The number of people working has risen by 313,000 compared to a year earlier.
What can falling unemployment tell us about the UK economy?
This 652 word blog looks at the latest official employment figures and includes comments from Stephen Clarke, Senior Economic Analyst at the Resolution Foundation and Melanie Baker, Senior Economist at Royal London Asset Management. Written on 14th August 2018.