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Labour Market Overview, UK: June 2019

The UK employment rate was estimated at 76.1%, higher than a year earlier (75.6%) and the joint-highest on record.

The UK unemployment rate was estimated at 3.8%; it has not been lower since October to December 1974.

The UK economic inactivity rate was estimated at 20.8%, lower than a year earlier (21.0%) and close to a record low.

Excluding bonuses, average weekly earnings for employees in Great Britain were estimated to have increased by 3.4%, before adjusting for inflation, and by 1.5%, after adjusting for inflation, compared with a year earlier.

Including bonuses, average weekly earnings for employees in Great Britain were estimated to have increased by 3.1%, before adjusting for inflation, and by 1.2%, after adjusting for inflation, compared with a year earlier.

Estimates for February to April 2019 show 32.75 million people aged 16 years and over in employment, 357,000 more than for a year earlier. This annual increase of 357,000 was due entirely to more people working full-time (up 402,000 on the year to reach 24.15 million). Part-time working showed a fall of 45,000 on the year to reach 8.60 million.

More information about employment can be found in the Employment in the UK bulletin, published alongside this release.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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