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Adzuna comment on ONS Labour Market Stats- September 2017

Doug Monro, co-founder of Adzuna, comments:

Company Profile

Adzuna

“The ongoing Brexit battle and stringent salaries hitting a three-year low have, so far, had little impact on the volume of vacancies in the labour market. UK advertised roles continue to surge, with more than 1.2 million openings currently listed on Adzuna.

“Despite slow wage growth, it is encouraging to see unshaken confidence in terms of hiring intentions and increasing business output. Jobseekers and employees can hopefully start to breathe a sigh of relief, as capital investment will potentially create opportunities for higher-paid employment at both ends of the skill spectrum.       

“Recent research by The World Economic Forum shows that the world’s youth still want to work in the UK and with 50% of the world’s population being under 30, companies need to adopt a millennial mindset in how they approach recruitment, retention and marketing if they want to attract the best candidates.”


September 2017

  • Estimates from the Labour Force Survey show that, between February to April 2017 and May to July 2017, the number of people in work increased, the number of unemployed people fell, and the number of people aged from 16 to 64 not working and not seeking or available to work (economically inactive) also fell.
  • There were 32.14 million people in work, 181,000 more than for February to April 2017 and 379,000 more than for a year earlier.
  • The employment rate (the proportion of people aged from 16 to 64 who were in work) was 75.3%, the highest since comparable records began in 1971.
  • There were 1.46 million unemployed people (people not in work but seeking and available to work), 75,000 fewer than for February to April 2017 and 175,000 fewer than for a year earlier.
  • The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.3%, down from 4.9% for a year earlier and the lowest since 1975.