- UK Unemployment Down to 4.6% in May-July 2021, Number of Payroll Employees Rising - ONS
UK Unemployment Down To 4.6% In May-July 2021, Number Of Payroll Employees Rising - ONS
Unemployment in the United Kingdom is showing signs of recovery as the spread of COVID-19 is subsiding, the UK's Office for National Statistics (ONS) announced on Tuesday
LONDON (UrduPoint News / Sputnik - 14th September, 2021) Unemployment in the United Kingdom is showing signs of recovery as the spread of COVID-19 is subsiding, the UK's Office for National Statistics (ONS) announced on Tuesday.
"In the latest period (May to July 2021), there was a quarterly increase in the employment rate of 0.5 percentage points, to 75.2%, and a decrease in the unemployment rate of 0.3 percentage points, to 4.6%. The economic inactivity rate is down 0.3 percentage points on the previous quarter, to 21.1%," the ONS said in its Tuesday report.
"The number of job vacancies in June to August 2021 was 1,034,000, which is the first time vacancies have risen over 1 million since records began, and is now 249,000 above its pre-pandemic January to March 2020 level.
Average total pay (including bonuses) showed 8.3 percent growth in May-July this year (up 6.8 percent excluding bonuses).
"The number of payroll employees showed another monthly increase, up 241,000 to 29.1 million in August 2021, returning to pre-coronavirus (COVID-19) pandemic (February 2020) levels. All regions except London, Scotland and South East are now above pre-pandemic levels," the ONS said.
The number of job vacancies in the United Kingdom went up from 764,000 in March-May 2021 to 1.03 million in June-August of this year. The largest job demand was observed in the hotel and restaurant sector.