Unemployment recession and wage rise in the UK

Unemployment recession and wage rise in the UK

According to data released by the British National Institute of Statistics (ONS, abbreviation in English) this Tuesday, the UK unemployment rate for the three months to August and October was 4.2%, down 0.4 percentage points from the previous quarter.

According to the ONS, the improvement was due to a 0.2 percentage point increase in the proportion of working people to 75.5%. The number of part-time workers has also increased due to the increase in quarterly employment, almost since April, after the Govt-19 epidemic subsided.

With regard to youth employment, the Statistics Office reports that young people (aged 16 to 24) are particularly vulnerable to infection, with “the employment rate declining and the unemployment and economic inactivity rates rising above the age of 25 and over”.

During the period under review, average pay increased by 4.9% and regular pay (excluding bonuses) by 4.3%.

As for the number of vacancies, they continued to rise between September and November, reaching a new record of 1.219 million, 434,500, before the epidemic (January to March 2020).

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